Free Markets, Free People


Economic Statistics for 3 Dec 13

Motor vehicle sales were much higher than expectations, at an annual sales rate of 16.4 million units. Sales increases from last year: GM 14%, Ford 7.2%, Chrysler 16%, Toyota 10.1%, Nissan 10.7%, Honda -0.1%, Subaru 29.9%, Hyundai 5.0%, Kia 1.3%, Audi 13.4%, BMW, -0.4%, VW -16.3%, Mazda -4.5%, Mitsubishi 69.9%, Jaguar/Land Rover 37%.

In weekly retail sales, Redbook showed 4.9% annual sales growth, while ICSC-Goldman showed a -2.8% drop for the week, and only a 2.5% annual increase.

The Gallup Economic Confidence Index rose from -35 to -25 in November.


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