Free Markets, Free People
Economic Statistics for 28 Aug 12
The following US economic statistics were announced today:
The seaonally adjusted S&P/Case-Shiller 20-city home price index rose strongly in June at an adjusted 0.9%. This follows three strong gains in a row of between 0.7% and 0.9% between March to May. Prices came off the bottom, reflected in the year-on-year rate which is finally positive at 0.5%. Non-seasonally adjusted results are much stronger, with the index up 2.3%.
The Conference Board’s consumer confidence index in July fell 5 points to 60.6. July was revised -0.5 lower to 65.4.
The Richmond Fed manufacturing index rose in July to -9 from last month’s -17 to show continued contraction. New orders rose to -20 from July’s already very weak -25.
The State Street Investor Confidence Index, which measures the changes in investor holdings of equities, is down sharply this month, more than 3 points to 90.9.
In retail sales, Redbook reports a weak 1.5% year-over-year sales growth. Conversely, ICSC-Goldman Store Sales rose a solid 0.5% for the week and 3.4% year-over-year.