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December 30, 1999

s The Conference Board’s Consumer Confidence Index closed the
century at 141.4, the second-highest reading in its 32-year history.
The record high was 142.3, registered in October 1968. The
Conference Board’s Expectations Index, a barometer of business
trends, rose to 114.7, up from its level of 110.4 in November.
s The Index of Leading Economic Indicators increased by 0.3 percent
in November to stand at 108.3. Six of the ten components of the
index contributed to the November advance.
s The final estimate of real GDP shows that the economy expanded
at a 5.7 percent annual rate during the third quarter of 1999.
The preliminary estimates, reported last month, had the economy
expanding at a 5.5 percent annual rate. During the first three
quarters the economy increased at a 3.7 percent annual rate,
only slightly slower than the 4.2 percent annual rate for the
same period in 1998.
s Sales of existing single-family homes rose 6 percent in November.
The 5.1 million units sold marks a rebound from last month’s
sales of less than 5 million units. Monthly sales of existing
homes averaged 5.2 million for the first 11 months of the year,
compared with an average of 4.9 million units for the same
period in 1998.

All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of
St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing
list, please call (314) 444-8808 or (314) 444-8809.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at

Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102