Free Markets, Free People

Economic Statistics for 15 Mar 12

The following statistics were released today on the state of the US economy:

Initial jobless claims continued their decline in the latest week, down 14,000 to 351,000. The four-week moving average is steady at 355,750 which is the recovery low.

The overall Producer Price Index rose 0.4% last month. The core rate, ex-food and –energy, rose 0.2%.

While the components of the Empire State Mfg Survey are mixed, the overall index rose 20.21 this month, from 19.53 last month.

The Philadeplphia Fed survey mirrors the same mixed indicators as the NY survey, with noticeable weakness in key components, but an overall rise in the headline index to 12.5. Both surveys are showing weakness in new orders.

The Treasury International Capital report indicates strong foreign buying of US securities, leading to a net long-term flow of $101.0 billion in January.

The Bloomberg Consumer Comfort Index climbed another three points, to -33.7 in the March 11 week.

Dale Franks
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