Economic Statistics for 25 Jul 13
Here are today’s statistics on the state of the economy:
Durable goods orders shot up by 4.2% in Jun, but it was almost entirely due to aircraft orders. Ex-transportation, orders were unchanged. On a year-over-year basis, Durable orders are up 10.9%, and ex-transportation orders are up 4.9%.
Initial jobless claims rose 7,000 to 343,000 last week. The 4-week average fell 1,750 to 345,250, while continuing claims fell 119,000 decline to 2.997 million.
The Bloomberg Consumer Comfort Index rose 0.9 points to -27.3 in the latest week, matching a 5 1/2 year high.
The Kansas City Fed Manufacturing Index rose from -5 to 6 in July.
The Fed balance sheet increased $36.7 billion last week, with a $36.4 billion boost in mortgage-backed securities and $8.3 billion in Treasuries. Total assets for the July 24 week were $3.575 trillion.