THE BASIS POINT

Existing Home Sales Recover.

 

Existing Home Sales (September 2014)

– Existing Home Sales (seasonally adjusted, annualized) 5,170,000.  Previous was 5,050,000.
– Existing Home Sales -year/year -1.7%.

Most of the month/month gain is a recovery of the previous loss.

 

ICSC-Goldman Store Sales  (week ended 10/18/2014)

– Store Sales week/week  -0.3%. Previous was -0.7%
– Store Sales year/year  +2.1%. Previous was +3.8%

 
Redbook Store Sales  (week ended 10/18/2014)

– Store Sales year/year  +4.1%. Previous was +3.8%

 
Consumer Metrics

The Consumer Metrics Daily Absolute Demand Index which measures on-line shopping has been moving slowly but steadily upward since 10/15/2014.

 

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