Weekly Economic Review: Retail Sales Up 5.1% From Last Year

Posted by Laine Smith on 12/14/14 6:30 PM

Topics: Economy

It was a tough week for the the stock market, which dropped 3.54% this past week. We did however, receive great numbers on retail sales, which has rose 5.1% from a year ago. The national average for mortgage rates dropped another 12 basis points (0.12%) this week. 

The_SP_500__Increased_2.7_last_week

Last week in the economy:

  • The S&P 500 started the week at 2,075 and dropped 3.54% to end the week at 2,002
  • The national average for mortgage rates dropped 12 basis points (0.12%)
  • Retail sales increased 0.7% in November. Sales are up 5.1% from a year ago. 
  • The Producer Price Index declined 0.2% in November. PPI is up 1.4% from a year ago

 

What's on the economic calendar for the week of December 15, 2014:

  • Monday: Industrial Production will be released
  • Tuesday: Housing Starts will be released
  • Wednesday: The FED meets. The Consumer Price Index (CPI) will also be released.
  • Thursday: Jobless claims will be released

 

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Our trusted source for all economic news is First Turst Portfolios out of Wheaton, IL. For greater insights on these figures check out their blog here.

 

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