Free Markets, Free People


Economic Statistics for 4 Dec 13

Thanks to the government shutdown, there were two new home sales reports issued today, one for September and one for October.  New home sales fell -6.6% in September to a 354,000 annual rate. New home sales rose dramatically in October, up 25.4% to a very solid 444,000 annual rate.

The US trade deficit narrowed by $1.2 billion in October, to $-40.6 billion, mainly on a 1.8% rebound in exports.

The Fed’s Beige Book report on the economy concludes that "the economy continued to expand at a modest to moderate pace from early October through mid-November." So, basically, below-trend economic growth continues.

The ISM Non-Manufacturing Index fell -1.5 points to 53.9 in November.

MBA Mortgage Applications fell -12.8% last week, with purchases down -4.0% and re-fis down -18.0%.

ADP reports that private payroll growth was higher than expected in November, with an estimated 215,000 net new jobs.

Gallup’s Job Creation Index rose 1 point to 20 in November.


Dale’s social media profiles:
Twitter | Facebook | Google+

  • Facebook
  • Twitter
  • LinkedIn
  • Tumblr
  • Digg
  • Reddit
  • email
  • Print
  • Google Bookmarks

One Response to Economic Statistics for 4 Dec 13