Daily Roundup of Key US Economic Data for Nov. 25
BY MT Newswires | ECONOMIC | 11/25/25 02:42 PM EST02:42 PM EST, 11/25/2025 (MT Newswires) -- The Conference Board's Consumer Confidence Index fell to a five-year low of 88.7 in November from a 95.5 reading in October due to declines in both the present situation and expectations readings.
The Conference Board noted deterioration in the current and future readings for both employment and business conditions. Inflation, trade and tariffs, and the government shutdown were mentioned by survey respondents.
The FHFA home price index posted an unchanged reading in September after a 0.4% increase in August. The index was 1.7% higher than a year ago.
Released at the same time, S&P Case-Shiller reported a 0.3% September home price decline after a 0.4% drop in August. The index was up 1.3% year-over-year.
The Dallas Federal Reserve's services index reading rose to minus 2.3 in November from minus 9.4 in October, while the Richmond Fed's services reading fell to minus 4 in November from 4 in October and the Philadelphia Federal Reserve's services reading rose to minus 16.3 in November from minus 22.2 in October, all indicating contraction.
The Richmond Fed's manufacturing index fell to minus 15 in November from minus 4 in October, following mixed readings in other regional manufacturing data already released.
The National Association of Realtors' pending home sales index surged by 1.9% in October, well above expectations. NAR said that job gains in the September employment report were a positive factor and could boost confidence among homebuyers. Pending sales were down 0.4% from a year earlier.
Retail sales rose by 0.2% in September and were up 0.3% excluding a 0.3% decline in auto sales.
Excluding both auto sales and gasoline station sales, retail sales were up 0.1% after a 0.6% gain.
However, control group retail sales, which exclude motor vehicles, gas, building materials, and food services, fell by 0.1% after a 0.6% gain in August, indicating underlying weakness, particularly for electronics, sporting goods, clothing and nonstore retailers.
Business inventories held steady in August after a 0.1% gain in the previous month. Business sales rose by 0.2%, with gains at the retail and wholesale levels that offset a decline at the factory level.
The PPI rose by 0.3% in September following a 0.1% decline in August, with energy prices up 3.5% and food prices up 1.1%
Core prices, which exclude food and energy, increased by 0.1% after a 0.1% decrease in the previous month.
The year-over-year rise in producer prices remained at 2.7%, while core prices slowed to 2.6% year-over-year after a 2.9% year-over-year increase in the previous month, still elevated.
Redbook reported that US same-store retail sales were up 5.9% year-over-year in the week ended Nov. 22, slower than a 6.1% gain in the prior week. Redbook said that consumers were waiting for Black Friday and Cyber Monday sales, though spending on Thanksgiving-related items did rise later in the week.
The Q3 GDPnow estimate from the Atlanta Fed is for a 4.0% gain, revised down from the previous estimate of a 4.2% gain on Nov. 21. The next estimate is scheduled to be released on Wednesday.
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