Economic Statistics for 22 May 14
Weekly initial jobless claims rose 28,000 to 326,000. The 4-week average fell 1,250 to 322,500. Continuing claims fell 13,000 to 2.653 million.
The Chicago Fed National Activity Index fell sharply from 0.20 to -0.32 in April.
The Markit PMI manufacturing index flash for May rose 1.8 points to 56.2.
The Bloomberg Consumer Comfort Index fell 3 points to 34.1in the latest week.
Existing home sales rose 1.3% in April to a 4.65 million annual rate. Sales are still down -6.8% on a year-ago basis, however.
The Conference Board’s index of leading indicators rose 0.4% in April.
The Kansas City Fed manufacturing index rose 3 points to 10 in May.
The Fed’s balance sheet fell $9.1 billion last week, with total assets of $4.328 trillion. Total reserve bank credit rose by $2.7 billion.
The Fed reports that M2 money supply rose $4.6 billion in the latest week.