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Economic Statistics for 2 Jan 13

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a below-plan 2.9% increase from the previous year. ICSC-Goldman reports a relatively strong weekly sales increase of 0.6%, and a 2.7% increase on a year-over-year basis.

Construction spending in November fell -0.3%, though it was still 7.7% higher on a year-over-year basis.

The Markit Economics’ final December PMI Manufacturing Index is 54.0, up 1.2 points from November’s 52.8.

The ISM Manufacturing Index is a relatively weak 50.7 for December, but is still up more than a point from November’s 49.5.

Dale Franks
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