Free Markets, Free People

Economic Statistics for 20 Nov 14

Consumer prices were unchanged at the headline level in October, while prices less food and energy rose 0.2%. On a year-over-year basis, the CPI is up 1.7%, while the core rate is up 1.8%.

Markit’s PMI Manufacturing Index Flash for November is down 1.8 points from October’s final reading, coming in at 54.7.

The Philadelphia Fed Survey surged a spectacular 20.1 points to 40.8, contrasting wildly with the falling PMI Manufacturing flash.

Existing home sales rose 1.5% in October to a 5.260 million annual rate.

The Conference Board’s index of leading indicators rose a very strong 0.9% in October, following September’s 0.8% increase.

Initial weekly jobless claims fell 2,000 to 291,000. The 4-week average rose 2,500 to 287,500. Continuing claims fell 73,000 to 2.330 million.

The Bloomberg Consumer Comfort Index rose 0.3 points to 38.5 in the latest week, the highest since January, 2008.

The Fed’s balance sheet rose $3.9 billion last week, with total assets of $4.493 trillion. Reserve bank credit rose $14.8 billion.

The Fed reports that M2 money supply rose by $63.5 billion in the latest week.

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