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Economic Statistics for 13 Dec 13

Initial jobless claims rose 68,000 to 368,000. The 4-week average rose 6,000 to 328,750, while continuing claims rose 40,000 to 2.791 million. It’s the holiday period, though, so a lot of this wild swing probably comes from wonky seasonal adjustments.

Retail sales rose 0.7% in November. Less autos, sales were up 0.4%, and up 0.6% less autos and gas.

Export prices rose 0.1% in November, while import prices fell -0.6%. On a year-over-year basis, export prices are down -1.6% and import prices have fallen -1.5%.

The Bloomberg Consumer Comfort Index rose to -30.9 in the latest week, having risen 7 points since November.

Business inventories rose 0.7% in October, while a 0.5% increase in B2B sales left the stock-to-sales ratio unchanged at 1.29.

Information services revenue rose 1.1% in the 3rd quarter, and is up 4.9% on a year-to-year basis.

The Producer Price Index fell -0.1% in November, and rose 0.1% less food and energy. On a year-over-year basis, the PPI is up 0.7%, and up 1.3% less food and energy.

The Fed’s balance sheet rose a sharp $61.3 billion last week, with total assets of $3.994trillion. Reserve Bank credit increased $21.1 billion.

The Fed reports that M2 money supply rose by $1.7 billion in the latest week.

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