Economic Statistics for 25 Aug 15
Redbook reports that last week’s retail sales remained weak, but rose to 1.7% on a year-ago basis, from the previous week’s 1.6%.
The FHFA House Price Index rose 0.2% in June. On a year-over-year basis, the index is up 5.6%.
In contrast to the FHFA, the S&P/Case-Shiller home price index fell -0.1% in June, and is up 5.0% on a year-over-year basis.
The PMI Services Flash for August is unchanged from the final July number, at 55.2.
New home sales had a solid rise in June, up 5.4% to a 507,000 annual pace, bringing the surging year-over-year rate to 26%.
The Conference Board’s consumer confidence index took a huge, 10.6-point jump in August to 101.5, as assessment of the labor market improved.
The Richmond Fed Manufacturing Index plunged -13 points to a disappointing reading of 0, well below expectations.
The State Street Investor Confidence Index eased to 108.7 in August from 114.6 in July.