Weekly Economic Review: Retail Sales Up 4.1% From Last Year

Posted by Laine Smith on 11/17/14 6:00 AM

Topics: Economy

Last week was a quiet week for economic news: The S&P 500 rose 0.40% and mortgage rates remained nearly unchanged from the week prior. This week we'll recieve announcements on CPI, PPI, Housing Starts, and Existing Home Sales.  

November_17

Last week in the economy:

  • The S&P 500 started the week at 2,032 and rose 0.40%, finishing the week at 2040.
  • Jobless claims rose 12,000, up to 290,000. Claims have now been below 300,000 for 9 straight weeks. 
  • Retail sales increased 0.3% in October. Sales are up 4.1% from a year ago.
  • Mortgage rates ended the week with little change

 

What's on the economic calendar for the week of November 17, 2014:

  • Industrial Production numbers will be released on Monday
  • The Producer Price Index (PPI) will be released on Tuesday
  • Housing starts and the FOMC minutes will be released on Wednesday
  • The consumer price index (CPI), Jobless claims, and existing home sales will be released on Thursday

 

If you enjoyed our economic review, you can get economic updates e-mailed to you weekly by clicking the button below:

 

Subscribe to Weekly Economic Updates

 

 

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.

 

Subscribe to Email Updates