4602 outlook

Economic Outlook August 28, 2020

Aug 28, 2020  | Ep4602

Consumer spending increased 1.9 percent in July, adding a third month of improvements since April’s 12.9 percent decline.

New Home Sales climbed 13.9 percent, continuing several months of robust growth.

Durable goods, items with a three-year or greater life span, jumped 11.2 percent adding to recent gains.

Without the more volatile transportation sector, Core Capital Goods moved a modest 2.4 percent higher.

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