Economic Statistics for 20 Mar 14
Initial jobless claims rose 5,000 to 320,000. The 4-week average fell 3,500 to 327,000. Continuing claims rose 41,000 to 2.889 million.
The Bloomberg Consumer Comfort Index fell -1.4 points to -29.0 in the latest week.
The general business conditions index of the Philadelphia Fed’s Business Outlook Survey rose from -6.3 to 9.0 in March.
Existing home sales fell -0.4% in February to a 4.6 million annual rate. On a year-over-year basis, sales are down -7.1%.
The Conference Board’s index of leading indicators rose a solid 0.5% in February.
The Fed’s balance sheet rose $40.7 billion last week, with total assets of $4.222 trillion. Reserve Bank credit increased $39.1 billion.
The Fed reports that M2 money supply rose by $23.7 billion in the latest week.