Free Markets, Free People

Economic Statistics for 25 Jun 13

Here are today’s statistics on the state of the economy:

May durable goods orders jumped 3.6% overall, while ex-transportation orders rose 0.7%. This follows a similar 3.6% rise in April. On a year-over-year basis, orders are up 7.6% overall, while ex-transportation orders are up 2.8%.

New home sales were stronger-than-expected in May, with an annual rate of 476,000 homes sold.

The S&P Case-Shiller Home Price Index jumped 12% in April, with a year-over-year increase of 12.1%.

The Conference Board’s consumer confidence index rose to 81.4–a recovery high–in June from last month’s 76.2.

Like most of the recent Fed indices, the Richmond Fed Manufacturing Index was strongly positive, rising to 8 in June from -2 in May.

The State Street Investor Confidence Index surged over 100, rising from 94.8 in May to 106.8 in June.

The FHFA House Price Index continues to move upward, rising 0.7% in April, which is a gain of 7.4% on a year-over-year basis.

In weekly retail sales, ICSC-Goldman reports a 1.1% increase for last week, but a weak 1.6% increase over last year. Redbook reports a 2.8% year-over-year same-store retail sales increase, which is right on trend.

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Dale Franks
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3 Responses to Economic Statistics for 25 Jun 13

  • “We don’t have time for a meeting of the flat-earth society.”
    Right there, I think President Obama has legitimized everyone calling him a communist, a socialist, a muslim, etc. even if he isn’t one.
    Also, just as the scientists themselves start to express some doubts on their models, this guy uses this   possibly focus-grouped slander to promote his policies. Unbelievable.
     

  • Economic recovery seeing momentum. So can we see interest rates to be revised upwards? Maybe later. This gleaming statistics is just one side of the story. U.S. economy’s first-quarter growth slashed and the economy expanded by 1.8% instead of 2.4%.