Economic Statistics for 28 Aug 14
The Commerce Department’s second estimate of First Quarter 2014 GDP came in at 4.2%, annualized. This is stronger than expected and stronger than the initial 4.0% estimate. The GDP Price Index rose at a 2.1% annualized rate.
Corporate profits in the Second Quarter of 2014 came in at $1.840 trillion, following $1.735 trillion for the First Quarter.
The pending home sales index for existing home sales rose a strong 3.3% in July to 105.9, up from 102.7 in June.
The Kansas City Fed manufacturing index slipped from 9 in July to 3 August.
Weekly initial jobless claims fell 1,000 to 298,000. The 4-week average fell 1,250 to 299,750. Continuing claims rose 25,000 to 2.53 million.
The Bloomberg Consumer Comfort Index rose 0.7 points to 37.3 in the latest week.
The Fed’s balance sheet rose $0.8 billion last week, with total assets of $4.414 trillion. Total reserve bank credit rose by $2.5 billion.
The Fed reports that M2 money supply rose $32.0 billion in the latest week.