Economic Statistics for 27 Jan 15
Durable goods orders continue to fall, down -3.4% overall in December following November’s -2.1%. Excluding transportation, orders fell -0.8%. On a year-over-year basis, orders are up only 0.3%, though non-transportation orders are up 3.8%.
Redbook reports retail sales continue to weaken, rising just 3.2% on a year-ago basis, the weakest reading since July.
The S&P/Case-Shiller home price index rose 0.7% in November, and is up 4.3% on year-over-year basis.
The Markit PMI services flash for January is up 0.4points to 54.0.
New home sales surged by a better-than-expected 11.6% in December to a 481,000 annual rate, while the median price rose 2.2% to $298,100.
The Conference Board’s consumer confidence index for January rose a sharp 10.3 points to 102.9.
The Richmond Fed manufacturing index slipped -1 point in January to 6.
The State Street Investor Confidence Index fell from 112.1 to 106.7 in January, almost entirely on confidence slipping back in Europe. That said, the European index still remains quite high at 113.9.