Economic Statistics for 9 Oct 14
Chain stores today are reporting moderate increases in rates of year-on-year sales growth in September.
A drop in wholesale sales of -0.7% swelled inventories by 0.7%, leading to a hefty stock-to-sales ratio of 1.19.
Initial weekly jobless claims fell 1,000 to 287,000. The 4-week average fell 7,000 to 287,750. Continuing claims fell 21,000 to 2.381 million.
The Bloomberg Consumer Comfort Index rose 2 points to 36.8 in the latest week.
The Fed’s balance sheet rose $5.1 billion last week, with total assets of $4.455 trillion. Reserve bank credit rose $3.9 billion.
The Fed reports that M2 money supply fell by $-7.3 billion in the latest week.