Free Markets, Free People

Economic Statistics for 5 Feb 13

The following US economic statistics were announced today:

The Institute for Supply Management’s non-manufacturing index fell 0.9 points to 55.2. There were signs of strength in the report, however, with the employment index rising 2.2 points to 57.5, the highest monthly jump in 7 years.

In weekly retail sales, ICSC-Goldman Store Sales rose 2.4% for the week, and up 2.6% on a year-over-year basis, but the 4-week average is still below trend. Redbook reports a very soft 1.5% year-over-year sales increase. Both reports indicate January retail sales are weak.

Dale Franks
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2 Responses to Economic Statistics for 5 Feb 13

  • Barack Obama will replace outgoing Interior Secretary Ken Salazar with Sally Jewell, the CEO of outdoor sports and clothing giant REI

    REI, which sells clothing and gear for outdoor adventures
    The business experience is a plus, but would you hire a CEO from a uniform manufacturer to tun the Pentagon ?