Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

U.S. Economic Radar – August 23, 2013

Recap of the past week’s U.S. economic releases:

1). New home sales sunk 13.4% in July to a seasonally adjusted annual rate of only 394k. That rate is 6.8% higher than the same month a year ago.

Ben Bernanke2). The Chicago Fed National Activity Index was a reading of -0.15 in July. That is up slightly from June but is still below its historical trend.

3). The FHFA house price index was up 7.7% year over year in June.

4). The Kansas City Fed manufacturing survey was a reading of +8 in August, indicating expansion at a faster rate than in July.

5). The unemployment rate was up in 9 states year over year in July.

6). Initial jobless claims for the week increased slightly to 336k but remain low. The insured unemployment rate was unchanged from the week prior at 2.3%.

7). Both weekly store sales indexes were unchanged from their week-ago readings of up 2.4% Y/Y (4 week MA) and up 3.4% Y/Y (4 week MA).

US Economic Radar August 23 2013 600x1401 U.S. Economic Radar   August 23, 2013

The U.S. economic schedule for the week ahead:

Monday, August 26, 2013

1). Durable Goods Orders – Last up 10.4% Y/Y.

2). Dallas Fed Manufacturing Survey – Last +4.4.

Tuesday, August 27, 2013

1). Consumer Confidence – Last 80.3.

2). S&P Case-Shiller House Price Index – Last up 12.4% Y/Y.

3). Richmond Fed Manufacturing Survey – Last -11.

4). Weekly Store Sales

Wednesday, August 28, 2013

Thursday, August 29, 2013

1). Gross Domestic Product – Last SAAR +1.68%.

2). Weekly Initial Jobless Claims

Friday, August 30, 2013

1). Personal Income and Outlays – Last up 0.6% Y/Y, up 2.0% Y/Y.

2). Chicago PMI – Last 52.3.

3). Consumer Sentiment – Last 80.0.

Floating Path explores economic and cultural phenomena, and hopes to educate, inspire and provoke. Discover their wide range of daily content here.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.