Free Markets, Free People

Economic Statistics for 27 Nov 12

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a big 4.5% increase from the previous year. Similarly, ICSC-Goldman reports a weekly sales increase of 3.3%, and a 4.0% increase on a year-over-year basis.

Durable goods orders were unchanged in October, though they were up 2.3% on a year-over-year basis. Ex-transportation, orders were actually up 1.5% for the month, but down -2.3% from last year.

Case-Shiller’s seasonally adjusted monthly home price index rose 0.4% in September, the third consecutive monthly increase.

The Conference Board’s consumer confidence index improved in November to a reading of 73.7.

The FHFA House Price Index rose 0.2% for September, and was up 4.3% on a year-over-year basis.

The Richmond Fed Manufacturing Index rose sharply to 9 from last month’s -7, as activity picked up in the district.

State Street’s investor confidence index for November remains "quite weak" at 81.2.

Dale Franks
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