Free Markets, Free People

Economic Statistics for 19 Sep 13

Initial jobless claims rose 15,000 to 309,000 vice last week’s wildly undercounted number. The 4-week average fell 7,000 to 314,750, while continuing claims fell to a recovery low of 2.787 million.

The nation’s current account deficit for the second quarter was a higher-than-expected $-98.9 billion.

The Bloomberg Consumer Comfort Index rose nearly 3 points to -29.4 in the latest week.

Existing home sales were much better than expected for August, up 1.7% to a 5.480 million annual rate. On a year-over-year basis, sales are up 13.2%.

The September Philadelphia Fed Survey rose from an already strong 9.3 to an outstanding 22.3.

The Conference Board’s index of leading indicators jumped a surprisingly strong 0.7% in August.

The Fed reports that M2 money supply fell by $-0.3 billion in the latest week.

The Fed’s balance sheet jumped $60.2 billion last week, with total assets of $3.722 trillion. Reserve Bank credit increased $56.4 billion.

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