Home Prices Continue Moderate Increase.
Redbook Chain Store Sales (week ended 3/26/2016)
– Store Sales year/year +1.5%. Previous was +0.8%.
Last week likely included some spending for the Easter holiday.
S&P Case-Shiller HPI (January 2016)
– 20-city, seasonally adjusted, month/month +0.8%. Previous was +0.8%
– 20-city, not seasonally adjusted, month/month +0.0%. Previous was +0.0%
– 20-city, not seasonally adjusted year/year +5.7%. Previous was +5.7%
Consumer Confidence (March 2016)
– Consumer Confidence 96.2. Previous was revised up to 94.0.
This is the metric from the Conference Board. This is supposed to be a leading indicator of consumer spending 3-6 months from now. The correlation is the past few years has been weak making this metric less useful.