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.  


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


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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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