Economic Statistics for 16 Dec 14
ICSC-Goldman reports weekly retail sales rose 3.0%, but fell to a weak 1.1% on a year-over-year basis. Conversely, Redbook reports retail sales rose 4.2% on a year-ago basis.
Housing starts fell -1.6% in November, erasing most of October’s 1.7% increase, as starts fell to a 1.028 million annual rate. Similarly, building permits, an indicator of future activity, slipped -5.2%, following a 5.9% jump in October.
The Markit PMI manufacturing index flash for December fell -1.0 points to 53.7.