Economic Statistics for 24 May 12
Here are today’s statistics on the state of the economy:
Initial claims for unemployment were 370,000 in the latest week. Last week’s number was revised upwards to 372,000. The 4-week moving average dropped to 370,000.
Durable goods orders rose 0.2% overall in April, and 6.9% over last year. Ex-transportation, however, orders unexpectedly declined by -0.6%, though they’re still up 5.3% for the year.
Lower gas prices pushed the Bloomberg Consumer Comfort index up to -42 in the week ended May 20 after an almost four-month low of -43.6 the prior week.
The Kansas City Fed Manufacturing Index rebounded to its March level of 9 from April’s reading of 3, on growth in durable and nondurable goods producing plants.