Free Markets, Free People

Economic Statistics for 26 Aug 14

Durable Goods orders for July soared by 22.6%, Sadly, it was all due to aircraft orders. Ex-transportation, orders fell -0.8%. On a year-over-year basis, orders were up 33.8% overall, but only 6.6% excluding transportation orders.

The FHFA purchase only house price index rose a respectable 0.4% in June, but the year-on-year rate slowed by -0.4% to 5.1%.

The S&P/Case-Shiller home price index fell -0.2% in June, though it was up 8.1% on a year-over-year basis.

The Conference Board’s consumer confidence index for August once again rose above expectations, up 1.5 points to 92.4.

The Richmond Fed manufacturing index rose 5 points to 12 in August, as manufacturing strengthened in the mid-Atlantic district.

The State Street Investor Confidence Index rose a very sharp 7.0 points in August to a very strong 122.8.

ICSC-Goldman reports weekly retail sales rose 0.6%, and were up 4.2% on a year-over-year basis. Redbook reports a 4.0% rise in retail sales over last year.


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