Economic Statistics for 9 Jul 14
Gallup’s self-reported Consumer Spending measure for June fell $-7 to $91.
The NFIB Small Business Optimism Index fell -2.0 points to 95.0 in June.
In weekly retail sales, ICSC-Goldman reports a 1.7% increase from last week, but down 1.3% to a year-on-year rate of 3.3%. Redbook, however, reports a big 6.0% year-over-year sales increase.
Consumer credit rose $19.6 billion in May, with revolving credit up $1.8 billion. Strong credit card use is a big plus for retailers.
The MBA reports that mortgage applications rose 1.9% last week, with purchases up 4.0% and refinancings up 0.4%.