Economic Statistics for 13 Feb 14
Initial jobless claims rose 8,000 to 339,000. The 4-week average rose 2,750 to 336,750, while continuing claims fell 18,000 to 2.953 million.
Retail sales in January fell a worse than expected -0.4%, following December’s -0.1% drop.
The Bloomberg Consumer Comfort Index rose 1.4 points to -30.7 in the latest week.
Business Inventories rose a troubling 0.5% in December, while a meager 0.1% sales increase raised the stock-to-sales ratio to 1.30.
The Fed’s balance sheet rose $10.2 billion last week, with total assets of $4.119 trillion. Reserve Bank credit increased $10.5 billion.
The Fed reports that M2 money supply rose by $14.9 billion in the latest week.