Economic Statistics for 26 Dec 12
The following US economic statistics were announced today:
In weekly retail sales, Redbook reports a relatively weak 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 0.7%, and a 3.2% increase on a year-over-year basis.
The S&P Case-Shiller Home Price Index rose a seasonally-adjusted 0.7% in October, which is 4.3% higher on a year-over-year basis.
The Richmond Fed Manufacturing Index declined from 9 last month, to 5 in December.
State Street’s investor confidence index rose 0.4 points to 80.9 in December. The report says confidence is "weak".
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Dale Franks
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The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration.
The Social Security Administration also released new data revealing that the number of workers collecting disability benefits hit a record 8,827,795 in December–up from 8,805,353 in November.
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