Weekly Economic Update: December 30, 2013 - January 3, 2014

Jan 06 2014

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The pending home sales index rose 0.3% in November to a level of 101.7. The Case-Shiller home price index rose 1.0% in October. Construction spending rose 1.0% for November. The ISM index ticked down slightly to a steady 57.0 in December. Motor vehicle sales slowed, down 6.6% to an annual pace of 15.4 million units for December. Initial jobless claims fell 2,000 to 339,000 for the week ended 12/28.

• The pending home sales index rose 0.3% in November to a level of 101.7. The year-on-year rate is down 1.6%.

• The Case-Shiller home price index rose 1.0% in October. The 20-city index is up 13.6% from a year ago, and the Washington, D.C. metro area is down 0.42% to 204.38 level, up 7.43% from a year ago.

• Construction spending rose 1.0% for November. Spending is up 5.9% from a year ago.

• The ISM index ticked down slightly to a steady 57.0 for December.

• Motor vehicle sales slowed, down 6.6% to an annual pace of 15.4 million units for December. Sales are up 1.0% from a year ago.

• Initial jobless claims fell 2,000 to 339,000 for the week ended December 28th.

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