U.S. Economic Radar – Sept. 27, 2013

Recap of the week’s U.S. economic events:

GDP growth in the second quarter was revised slightly downward to 2.48%.
The Chicago Fed’s National Activity Index moved to an above-historical-trend reading of +0.14 in August.
Real disposable personal income increased 0.3% and real personal consumption expenditures increased 0.2% in August.
New home sales were a seasonally adjusted annual rate of 421k in August, an increase from July but still historically low.
The Case-Shiller house price index increased 1.8% in July.
The FHFA house price index increased 1.0% in July.
New orders for durable goods increased 0.1% in August.
Consumer confidence decreased in September to 79.7, its lowest reading since May.
Consumer sentiment also declined in September to 77.5, its lowest reading since April.
The total number of vehicle miles driven on all roads and streets were up 1.6% Y/Y in July.
The Richmond Fed manufacturing survey decreased to a reading of 0.0 in September.
The Kansas City Fed manufacturing survey decreased in September but stayed in expansion at a reading of +2.
Initial jobless claims for the week were a seasonally adjusted 305k, quite the positive reading. The insured unemployment rate ticked up to 2.2% but remains below the 2.3% from several week ago.
M2 supply increased 0.04% week over week.
Store sales for the week were little changed.