Free Markets, Free People
Economic Statistics for 2 Jan 13
The following US economic statistics were announced today:
In weekly retail sales, Redbook reports a below-plan 2.9% increase from the previous year. ICSC-Goldman reports a relatively strong weekly sales increase of 0.6%, and a 2.7% increase on a year-over-year basis.
Construction spending in November fell -0.3%, though it was still 7.7% higher on a year-over-year basis.
The Markit Economics’ final December PMI Manufacturing Index is 54.0, up 1.2 points from November’s 52.8.
The ISM Manufacturing Index is a relatively weak 50.7 for December, but is still up more than a point from November’s 49.5.