Economic Statistics for 10-11 Sep 14
Sorry about missing the econ stats yesterday. I’ll make it up today. What happened yesterday was that one of my laptops went TU, so I had to go to the store and replace it. In doing so, I switched from Win8 to a new Macbook Air 11”. So, for the first time in 15 years, I’m doing stuff on a Mac. Including this, my very first blog post from a Mac, ever. I’m also planning on getting an iPhone 6 and a jaunty beret.
Ha! Just kidding. I already have a couple of berets. Anyway, Economic statistics:
Weekly jobless claims rose 11,000 to 315,000. The 4-week average rose 1,250 to 304,000. Continuing claims rose 9,000 to 2.487 million.
The Bloomberg Consumer Comfort Index fell -1.2 points to 36.5, a five-week low.
Information technology revenue rose 0.8% in the 2nd Quarter of 2014, and is up 5.7% on a year-over-year basis.
The MBA reports that mortgage applications fell -7.2% last week, with purchases down 3.0% and refis down -11.0%.
Wholesale inventories rose 0.1% in July, but a 0.7% increase in sales dropped the stock-to-sales ratio to 1.16.
The Fed’s balance sheet rose $5.8 billion, with total assets of 4.421 trillion. Reserve bank credit rose $4.2 billion.
The Fed reports that M2 money supply rose by $10.3 billion in the latest week.