[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-325377-105":59,"doc-detail-325377-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","finance-facts-july-1979","Finance Facts - July 1979","","Finance Facts (July 1979) summarizes U.S. consumer financial behavior and key macroeconomic indicators during April and early May 1979. It reviews economic growth, employment, industrial production, housing markets, existing home sales, leading indicators, and inflation outlook, noting weakening activity and rising recession risk. The issue also details federal deficit changes by receipts and expenditures and reports consumer installment credit levels, highlighting shifts tied to tax and social insurance dynamics.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/finance-facts-july-1979/325377/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/finance-facts-july-1979/325377.png","ImageObject",300,407,{"name":92,"@type":93},"Violet","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-02","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",13,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does the April–early May outlook suggest about the economy?","Question",{"text":113,"@type":114},"Reported readings indicate activity is approaching a cyclical peak but may be entering a downturn. Leading indicators show a clear declining trend, making recession in a few months plausible.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What happened in existing home sales during April 1979?",{"text":118,"@type":114},"Resale transactions were 3,760,000 units at a seasonally adjusted annual rate, up 3% from the preceding month and down 3% from April of the prior year. Rising mortgage rates and strong buyer demand pushed median sales prices higher.",{"name":120,"@type":111,"acceptedAnswer":121},"How did the federal deficit change in the first quarter of 1979?",{"text":122,"@type":114},"The deficit declined by $2.4 billion to $18.4 billion at a seasonally adjusted annual rate. Receipts increased while expenditures rose, with major movement explained by social insurance contributions, tax changes, and different categories of spending.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},325377,1790175255,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":105,"preview_page_count":4},4398048950312,"https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908","Any or all the material in this publication may be quoted or reproduced.  \n# CURRENT SITUATION\n\nEconomic readings reported for April and early May present puzzlingpicture of path the economy is following according to The ConferenceBoard.Growth rate of real GNP was slower than most forecastersexpected in first quarter of this year.Yet employment was up substantiallyin quarter,and some other measures of activity were strong towardquarter's end.General view of economic outlook appears to be activity isapproaching cyclical peak at present and may very well be in downturn.There are,however,still a number of dissenters from that opinion.  \nIndustrial production was sluggish in first two months of this year,thenexpanded sharply in March.Coincidentally,capacity utilization rateswere rather stable in January and February,then rose in March.Atsame time,retail sales,when adjusted for inflation,appear to have beenrather flat for last few months.Inventory-sales ratios have been inchinghigher.  \nWhile some strength still remains in the economy,pace of activity isslowing appreciably.Activity may very well be approaching cyclical peakat present,supported by the behavior of composite index of LeadingEconomic Indicators,which has clearly assumed declining trend.Indexpeaked in October at 143.8(1967 =100),in March it stood at 142.3,cumulative drop of about 1%over last five months.Ratio of coincident tolagging indicators started downward trend in early 1977.Given thisevidence,it is not unlikely that recession will occur in few months.  \nDeclining activity may ease some price pressures.Hence,rate of infla-tion is anticipated to slow somewhat.Lack of growth in economy for 1979implies that unemployment rate will start up in next few months,andpossibly peak at or little above 7%in first half of 1980.  \n# EXISTING HOME SALES\n\nIn April,resale transactions were at seasonally adjusted annual rate of  \n3,760,000 units-up 3%from preceding month and down 3%from salespace of last April.Throughout spring season,homebuyers have facedsteadily rising mortgage interest rates which,nationally,have reachedrecord average of 10.54%,some topping 11%.  \nStrong buyer demand continues to exert an upward pressure on homeprices.In April,median sales price of a resale property climbed $900 toreach $54,700.Over last twelve months median price jumped $6,500,anannual increase of 13.5%.In April,28.3%of resale transactions werepriced under $40,000.Four years ago homes in this price range accountedfor a majority (62.5%)of resale transactions.Median priced home in theWest surpassed $75,000 mark while in both South and Northeast medianpriced home surpassed $50,000.  \n# FINANCE FACTS\n\nA Monthly Publication on Consumer Financial Behavior  \nJULY 1979  \nMedian Sales Price of EnistingSingle Family Homes For the United Statesand Each Regian.April 1979  \nIndex of Industrial Productionby months fumasanny adjusted)1973-1979Index 1967=100  \nFederal Government1st Quarter 1979(Seasonally adjusted at annual rates)0loms of dollonEcpendituras450SocialInsuranceTaxeTransferpaymentsInadlrectCororate  \n75.3200LPurchaseofservlcesPersonal  \nGrantsnaSouree:Deparlment of CommereeNote:Parts may not add to totals due to rounding  \n# INDUSTRIAL PRODUCTION\n\nIndustrial production increased estimated 1.3%in May following strike-related decline of 1.4%for April.Production increases during monthwere widespread among major products and materials.However,outputof consumer goods and construction supplies remained below Marchlevels.Overall May index,at 152.1%of 1967 average,was 5.7%higherthan year earlier.  \nOutput of consumer goods rose 1.8%in May,following 2.5%decline inApril.Auto assemblies increased 19%to annual rate of 9.4 million unitsbut with auto sales down from earlier rates assemblies are scheduled to belower in June.Output of consumer nondurable goods was about un-changed following small decline in April.Business equipment was one offew areas which has continued to show strength,advancing 1.3%in May.  \n# H","cbCaimpXfE7FXcef","https://ap.wps.com/l/cbCaimpXfE7FXcef","pdf",1288645,"English","# Current Situation\n# Existing Home Sales\n# Finance Facts\n# Industrial Production\n# Housing Markets\n# Federal Deficit\n# Consumer Installment Credit","[{\"question\":\"What does the April–early May outlook suggest about the economy?\",\"answer\":\"Reported readings indicate activity is approaching a cyclical peak but may be entering a downturn. Leading indicators show a clear declining trend, making recession in a few months plausible.\"},{\"question\":\"What happened in existing home sales during April 1979?\",\"answer\":\"Resale transactions were 3,760,000 units at a seasonally adjusted annual rate, up 3% from the preceding month and down 3% from April of the prior year. Rising mortgage rates and strong buyer demand pushed median sales prices higher.\"},{\"question\":\"How did the federal deficit change in the first quarter of 1979?\",\"answer\":\"The deficit declined by $2.4 billion to $18.4 billion at a seasonally adjusted annual rate. Receipts increased while expenditures rose, with major movement explained by social insurance contributions, tax changes, and different categories of spending.\"}]","Finance Facts - July 1979 | PDF",1789970373]