Free Markets, Free People
Economic Statistics for 27 Dec 11
Today’s economic statistics releases:
S&P/Case-Shiller reports home prices are still trending downwards, with prices down -0.6% last month, following last month’s -0.7% decline.On a year-over-year basis, prices have dropped -3.4%.
Optimism on jobs and income resulted in a 9.3 point rise in consumer confidence, with the index at 64.5 for December.
The Richmond Fed Manufacturing Index came in at 3, showing mildly positive manufacturing expansion in the Richmond Fed district. This confirms similar readings from both the Philly Fed and Empire State surveys, both of which also showed mild manufacturing expansion. Conversely, the Dallas Fed reports that manufacturing activity in Texas declined in December as the general business activity index dropped to -3.0 from 3.2 in last month.
Investor confidence remains steady according to the State Street Investor Confidence Index, which holds steady at 99.3.