4614 Outlook

Economic Outlook: November 20, 2020

Nov 20, 2020  | Ep4614

A stroll down the aisles of a physical store would lead you to believe Christmas time is here. Retailers are trying to get back some happiness and cheer as October’s numbers appear to be signaling a cautious consumer.  --

A rate of 0.3 percent was reported by the Commerce Department - more than a full point higher than September’s reading.

Housing starts jumped almost 5 percent as this sector remains hot. Low interest rates continue to be a driving factor.

Tyson Foods reported the company’s net income nearly doubled in the fourth quarter. Later in the week, the corporation was served with a lawsuit over employees betting on the number of coronavirus cases at the Waterloo, Iowa plant.

The November Rural Mainstreet Index declined for the first time since April as it retreated below growth neutral.

Grinnell Mutual Insurance