This Week in the Economy - An Economic Summary for October 20, 2014

Posted by Laine Smith on 10/20/14 6:30 AM

Topics: Economy

The S&P 500 dropped another percent this past week (after a 3% drop the week prior) but Friday showed signs of hope, as the S&P 500 went up 1.3% and recovered some of its recent losses. We had good housing news, as housing starts rose 6.3% in September. 

October_20

Economic recap from the Week of October 13, 2014:

  • The S&P 500 started the week at 1,912 and dropped to 1,887, a 1.0% drop for the week.
  • Housing starts rose 6.3% in September. Housing starts are up over 17.8% from a year ago. 
  • Retail sales declines 0.3% in September. Sales are up 4.3% from a year ago. 
  • The Producer Price Index (PPI) dropped 0.1% in September. PPI is up 1.6% from a year ago. 
  • Mortgage rates continued to fall this week. The number of refinances originated were up this past week as rates are now comparable to levels in June of 2013. 

 

What's coming up on the economic calendar for the week of October 20, 2014:

  • Existing Home Sales will be released on Tuesday
  • The Consumer Price Index (CPI) will be released on Wednesday
  • Jobless Claims will be on Thursday
  • New Home Sales will be released on Friday

If you enjoy our economic summary, 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