Economic Trends

The international trade deficit was $97.8 billion in November, while exports were down $3.3 billion, according to a Census Bureau report.

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CFNAI Dips in November

Led by slower growth in production-related indicators, the Chicago Fed National Activity Index decreased to +0.37.

The Consumer Price Index has seen its largest 12-month increase in nearly four decades, according to recently released federal data.

The U.S. Bureau of Labor Statistics says wholesale prices in November were up 9.6% from a year ago, the biggest 12-month jump since 2010.

Economic Trends

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3Q Manufacturing Profits Rise

The Census Bureau says seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion.

Sales of wholesale merchants in October were up 22.2% from last year, according to data released by the U.S. Census Bureau.

The November seasonally adjusted Fastener Distributor Index of 57.6 was driven primarily by ‘better seasonally adjusted selling momentum.’

Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.

The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.