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Economic Statistics for 25 Feb 14

Despite the recent downbeat economic news, the State Street Investor Confidence Index rose 8.6 points to 123.0 in February.

In weekly retail sales, Redbook reports a 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales drop of -0.6%, and a weak 1.4% increase on a year-over-year basis.

The FHFA House Price Index rose 0.8% in December, a 7.7% increase from the previous year.

The S&P/Case-Shiller 20-city home price index rose 0.8% in December, which was 13.4 higher than the previous year.

The Conference Board’s consumer confidence index for February fell from 80.7 to 78.1.

The Richmond Fed manufacturing index for February plunged from 12 to -6, the first negative reading since July.

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