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.