Economic Statistics for 10 Apr 14
Retailers who reported chain store sales today saw generally respectable increases in year-on-year sales rates.
Initial jobless claims fell an astounding 26,000 last week, to 300,000, probably due to Easter’s statistical weirdness. The 4-week moving average fell 4,750 to 316,250. Continuing claims fell 62,000 to 2.824 million.
Export prices rose 0.8% in March, while import prices rose 0.6%. On a year-over year basis, export prices rose 0.2% and import prices fell -0.6%.
The Bloomberg Consumer Comfort Index fell -1.9 points to -31.9.
The US Treasury’s deficit for March was a much lower-than-expected $-36.9 billion.
The Fed’s balance sheet rose $7.7 billion last week, with total assets of $4.244 trillion. Reserve Bank credit increased $6.9 billion.
The Fed reports that M2 Money Supply fell by $-37.0 billion last week.