Free Markets, Free People

Economic Statistics for 17 Dec 13

In weekly retail sales, Redbook reports a weak 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 4.8%, but a weak a 2.0% increase on a year-over-year basis.

Consumer prices were unchanged in November, with a core CPI increase of 0.2%. Annually, the CPI is up 1.2%, and up 1.7% less food and energy.

The Housing Market Index surged 4 points to 58 in December.

The nation’s current account deficit narrowed slightly in the 3rd Quarter, to $-94.8 billion.

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