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Economic Statistics for 23 May 13

Here are today’s statistics on the state of the economy:

Initial Jobless claims fell 23,000 to 340,000 last week. The 4-week average held at 339,500. Continuing claims fell 112,000 to 2.192 million.

The PMI Manufacturing Index Flash fell a single tick to 51.9 for May.

The FHFA House Price Index for March rose 1.3%, which is 7.2% higher on a year-over-year basis.

The Bloomberg Consumer Comfort Index rose to 29.4 last week from -30.2 the prior week.

New Home Sales rose 2.3% in April to a 454,000 annual rate. Prices are skyrocketing, too, up 8.3% in April.

The Kansas City Fed Manufacturing Index rose into positive territory in May, to 2 from last month’s -5.

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Dale Franks
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