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Economic Statistics for 29 Apr 14

The State Street Investor Confidence Index fell -4 points to 119 in April.

ICSC-Goldman reports weekly retail sales jumped 1.6% for the week, and were up 3.1% on a year-over-year basis. Redbook reports an 3.8% increase in retail sales over last year.

The S&P/Case-Shiller home price index rose 0.8% in February.

The Conference Board’s Consumer Confidence index was unchanged at 82.3 for April.

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2 Responses to Economic Statistics for 29 Apr 14

  • Without ObamaCare, real Q1 GDP is -1.0%
    Here is a shocker: for all the damnation Obamacare, which according to poll after poll is loathed by a majority of the US population, has gotten if it wasn’t for the (government-mandated) spending surge resulting from Obamacare, which resulted in the biggest jump in Healthcare Services spending in the past quarter in history and added 1.1% to GDP …

    … real Q1 GDP (in chained 2009 dollars), which rose only $4.3 billion sequentially to $15,947 billion, would have been a negative 1.0%!
    Not to worry, “Recovery Summer V” is just around the verizon.