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Economic Statistics for 8 Aug 13

The following US economic statistics were announced today:

The Bloomberg Consumer Comfort Index rose 3.5 points to -23.5, the highest in 5 years.

Chain store sales were mostly positive for July, though most of the increases come from new stores, with same store sales a bit weak.

Initial claims for unemployment rose 7,000 last week, to 333,000. The 4-week moving average fell 5,750 to 335,500, Continuing claims rose 59,000 to 3.018 million.

The Fed’s balance sheet rose $13.6 billion last week, with total assets of $3.585 trillion. Reserve Bank credit increased $10.3 billion.

The Fed reports that M2 Money Supply increased by $46.4 billion last week.

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Dale Franks
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