Economic Statistics for 27 Mar 14
The Commerce Department’s final GDP revision for the 4th Quarter shows a below-trend annualized rate of 2.6% GDP growth.
Weekly initial jobless claims fell 10,000 to 311,000. The 4-week average fell 9,250 to 317,750. Continuing claims fell 53,000 to 2.823 million.
Corporate profits in the 4th Quarter of 2013 were $1.905 trillion, compared to $1.869 trillion in the 3rd Quarter. On a year-over-year basis, corporate profits are up 6.0%.
The Bloomberg Consumer Comfort Index fell -2.5 points to -31.5 in the latest week.
The National Association of Realtors’ Pending Home Sales Index fell -0.8% to 93.9 in February.
The Kansas City Fed manufacturing index rose to 10 in March, versus 4 in February.
The Fed’s balance sheet rose by $4.9 billion last week, with total assets of $4.890 trillion. Total reserve bank credit rose by $13.2 billion.
The Fed reports that M2 money supply rose $12.2 billion in the latest week.