4605 Outlook

Economic Outlook: September 18, 2020

Sep 18, 2020  | Ep4605

The pandemic has created some unintended surges for retailers. Desks and chairs for the home office or classroom have been in short supply. Furniture maker IKEA said this week they are working to fill orders. ---

Those purchases helped retail sales climb 0.6 percent last month. Even with the increase the figure was still below market expectations.

Without the volatility from auto sales, the index rose 0.7 percent.

Fed policymakers left interest rates alone hoping to encourage spending.

The 10-state Rural Mainstreet Index rose slightly for the seventh month in a row but remained below growth neutral. 

Grinnell Mutual Insurance