Economic Statistics for 24 Mar 15
Consumer prices rose 0.2% in February at both the headline and core levels, as energy prices made a bit of a comeback. On a year-over-year basis, the CPI is still down -0.1% overall, but is up 1.7% less food and energy.
Redbook reports that last week’s retail sales rose to a moderate 2.8% on a year-ago basis, from the previous week’s 2.7%.
The FHFA House Price Index rose a lower-than-expected 0.3% in January. On a year-over-year basis, the index is up 5.1%.
The Markit PMI manufacturing index flash for March rose 0.9 points from the February final to 55.3.
New home sales picked up sharply in February to a 539,000 annual rate from January’s 481,000. The median price still fell a sharp 4.8% to $275,500, despite a tightening of supply from 5.1 months to 4.7 months.
The Richmond Fed Manufacturing Index fell sharply from 0 to -8 in March, as both new orders and backlogs declined.