Free Markets, Free People

Economic Statistics for 28 Jun 12

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

The Commerce Department’s final estimate of first quarter GDP was unchanged at 1.9% annualized.

Initial claims for unemployment were a higher-than-expected 386,000. The 4-week moving average dropped 750 lower to 386,750.

The Bloomberg Consumer Comfort Index rose to -36.1, the highest level in two months.

The Kansas City Fed manufacturing index rebounded 6 points to a reading of 9 in May.

Dale Franks
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