Landaas & Company newsletter December edition now available.
Advisors on This Week’s Show
(with Max Hoelzl and Joel Dresang)
Week in Review (December 5-9, 2016)
Significant economic indicators & reports
Purchasing managers outside of the manufacturing industry told the Institute for Supply Management that their businesses were expanding in November for the 82nd month in a row. In fact, the ISM non-manufacturing index grew at the fastest pace in a year. Although new orders expanded at a slower rate than in October, the key component grew for the 88th consecutive month. The trade group said its index suggests the U.S. economy is growing at an annual rate of 3.3% adjusted for inflation.
The gap between what the U.S. sells abroad and what it buys from other countries widened more than analysts expected in October. The trade deficit jumped nearly 18% to $42.6 billion, the highest level in 19 months, according to the Bureau of E