Free Markets, Free People

Economic Statistics for 17 Jul 14

Housing starts fell a sharp -9.3% in June, following May’s -7.3%, to a 0.893 million annual rate.

The general business conditions index of the Philadelphia Fed’s Business Outlook Survey jumped 6.1 points to 23.9 in July, which is the highest since March 2011.

Initial jobless claims fell 3,000 last week, to 302,000. The 4-week moving average fell 2,500 to 309,000. Continuing claims fell 79,000 to a recovery low of 2.507 million.

The Bloomberg Consumer Comfort Index fell 0.1 points to 37.5 in the latest week..

The Fed’s balance sheet rose $14.8 billion last week, with total assets of $4.398 trillion. Reserve Bank credit increased $12.3 billion.

The Fed reports that M2 Money Supply decreased by $-12.4 billion last week.

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