Free Markets, Free People
Economic Statistics for 18 Sep 12
The following US economic statistics were announced today:
The U.S. current account deficit improved sharply to -$117.4 billion in the second quarter from a revised -$133.6 billion in the first quarter.
Net foreign demand for long-term U.S. securities rose from $9.3 billion in June to $676.0 billion in July.
The NAHB housing market index in September rose another 3 points to 40, for the fifth straight rise to the best level since early 2007.
Retail Sales: Redbook reports year-over-year retail sales growth of 2.4%, weaker than last week, but still moderately strong. ICSC-Goldman reports a -2.5% sales decrease from last week, and only a 2.1% increase over last year.