Economic Statistics for 27 Dec 12
The following US economic statistics were announced today:
The Conference Board’s consumer confidence index plunged 6.4 points this month to 65.1, as fiscal cliff worries begin besetting consumers.
The Bloomberg Consumer Comfort Index fell slightly from -31.9 to -32.1.
Initial claims for unemployment fell 12,000 last week, to 350,000. The 4-week moving average fell 11,250 to 356,750, Continuing claims fell 25,000 to a new recovery low of 3.219 million.
New home sales for November rose 4.4% to an annual rate of 377,000. The annual rate has risen slowly all year, from 340,000 in January.