THE BASIS POINT

Home Prices Fall in 8 of 20 Cities.

 

S&P Case-Shiller Home Price Index (April 2015)

– 20-city, seasonally adjusted, month/month  +0.3%. Previous was +1.0%
– 20-city, not seasonally adjusted, month/month  +1.1%. Previous was +0.9%
– 20-city, not seasonally adjusted year/year  +4.9%. Previous was +5.0%.

There were lower prices in some cities, in fact, 8 of 20 cities had lower prices in April.

Chicago PMI (June 2015)

– Business Barometer Index  49.4. Previous was 46.2.

 

Consumer Confidence (Jne 2015)

– Consumer Confidence  101.4. Previous was 94.6.

This is the Conference Board’s Index of Confidence.  Is it supposed to be a leading indicator of Retail Sales in the next 60 days.

 

Redbook Chain Store Sales (week ended 6/27/2015)

– Store Sales year/year +1.7%. Previous was +1.6%.

This is not about store sales being hurt by growth in online purchase.  The Consumer Metrics Institute index of online consumer spending has been flatlined for two months.

 

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