An Overview on US Consumer Spending and Business Trends

Data on manufacturing and retail trade inventories for had been delayed, but published information on inventories held by wholesale ugg canada distributors indicated a decline in that month, reversing part of October's sizable run-up. Much of the decline occurred in nondurable goods, although machinery distributors also reported a sizable liquidation. The inventory-sales ratio for the wholesale trade sector edged down in but remained near the high end of its range in recent years.

UGGs Bailey Button The nominal deficit on U.S. trade in goods and services narrowed in from its average rate in the third quarter. The value of imports declined by more than the value of exports. Much of the contraction in imports reflected reductions in oil and automotive products that more than offset an strong rise in computer goods. For exports, an advance in machinery exports to record levels ugg of australia was outweighed by a reduction in shipments of agricultural and automotive products. Available data on economic activity in the major foreign industrial countries suggested that the pace of expansion in Europe had slowed further on average while growth in Japan had picked up a little.

UGGs Bailey Button Recent data suggested little change in underlying inflation trends. Consumer prices increased slightly in after being unchanged in November; food prices were quiescent over the two-month period while energy prices rose on balance, with a rebound more than offsetting a sizable drop. Excluding food and energy items, consumer prices were up modestly over the - period advanced slightly more than in previously. Producer prices of finished uggs for sale goods were up considerably in and after having risen slowly in earlier months; in large part, the price increases late in the year reflected sharp upward movements in both finished foods and finished energy prices.