Free Markets, Free People

Economic Statistics for 24-25 Jun 14

The State Street Investor Confidence Index was unchanged at 119.5 in June.

The Richmond Fed manufacturing index slowed to 3 in June versus 7 in May.

The Conference Board’s consumer confidence index rose to 85.2 in June–a recovery high–from a revised 82.2 in May.

The Richmond Fed manufacturing index slowed to 3 in June versus 7 in May.

New home sales in May jumped 18.6% to a far-better-than-expected 504,000 annual rate.

The S&P/Case-Shiller 20-city home price index rose 0.2% in April. The index was 10.8% higher on a year-over-year basis. The FHFA purchase only house price index was unchanged in April, but up 5.95 on a year-over-year basis.

In weekly retail sales, Redbook reports a 3.3% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 2.0%, and a 4.1% increase on a year-over-year basis.

The Commerce Department’s final GDP revision for the 1st Quarter of 2014 was a shockingly negative -2.9% annualized decline. The GDP Price index, however, rose 1.3%, annualized.

Durable goods orders fell -1.0% in May, well below expectations. Less transportation, orders fell -0.1%.

The MBA reports that mortgage applications fell 1.0% last week, with purchases and refinancings both down 1.0%.

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