Free Markets, Free People
Economic Statistics for 27 Nov 12
The following US economic statistics were announced today:
In weekly retail sales, Redbook reports a big 4.5% increase from the previous year. Similarly, ICSC-Goldman reports a weekly sales increase of 3.3%, and a 4.0% increase on a year-over-year basis.
Durable goods orders were unchanged in October, though they were up 2.3% on a year-over-year basis. Ex-transportation, orders were actually up 1.5% for the month, but down -2.3% from last year.
Case-Shiller’s seasonally adjusted monthly home price index rose 0.4% in September, the third consecutive monthly increase.
The Conference Board’s consumer confidence index improved in November to a reading of 73.7.
The FHFA House Price Index rose 0.2% for September, and was up 4.3% on a year-over-year basis.
The Richmond Fed Manufacturing Index rose sharply to 9 from last month’s -7, as activity picked up in the district.
State Street’s investor confidence index for November remains "quite weak" at 81.2.