Free Markets, Free People
Economic Statistics for 5 Feb 13
The following US economic statistics were announced today:
The Institute for Supply Management’s non-manufacturing index fell 0.9 points to 55.2. There were signs of strength in the report, however, with the employment index rising 2.2 points to 57.5, the highest monthly jump in 7 years.
In weekly retail sales, ICSC-Goldman Store Sales rose 2.4% for the week, and up 2.6% on a year-over-year basis, but the 4-week average is still below trend. Redbook reports a very soft 1.5% year-over-year sales increase. Both reports indicate January retail sales are weak.