Free Markets, Free People

Economic Statistics for 3 Sep 14

August motor vehicle sales rose a solid 6.4% to a 17.5 million annual rate.

Factory orders jumped 10.5% in July—all on aircraft sales. Ex-transportation orders actually fell -0.8%.

The Fed’s newest Beige Book, released today, still rates US economic growth as modest to moderate.

ICSC-Goldman says weekly retail sales were unchanged in the latest week, but up 4.8% over last year. Redbook’s retail sales reading shows 4.9% year-over-year sales growth.

The MBA reports mortgage applications rose 0.2% last week, with purchases down -2.0% but refis up 1.0%.

Gallup’s U.S. Job Creation Index was unchanged in August at 28, holding at a 6-year high.


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