Economic Statistics for 26 Nov 14
The MBA reports that mortgage applications fell -4.3% last week, with purchases down -10.0% and refis down -4.0%.
Initial weekly jobless claims rose 21,000 to 313,000. The 4-week average rose 6,250 to 294,000X. Continuing claims fell 17,000 to 2.316 million.
October durable goods orders rose 0.4%, almost entirely on a 45.3% increase in defense aircraft orders, without which, orders actually fell by a sharp -0.9%. On a year-over-year basis, orders are up 5.5%, and ex-transportation orders are up 6.4%.
Both personal income and spending rose 0.2% in October, while the PCE Price index rose 0.1% at the headline level and 0.2% at the core.
The Chicago PMI fell -5.4 points in November to a still-strong 60.8.
The Bloomberg Consumer Comfort Index rose 2.2 points last week to 40.7, the highest level since December 2007.
The Reuter’s/University of Michigan’s consumer sentiment index fell -0.6 points to 88.8 in November.
New home sales in October came in at a weaker-than-expected 458,000 annual rate.
The pending home sales index fell -1.1% to 104.1 in October.