Economic Statistics for 11 Dec 14
November retail sales were stronger than expected, rising 0.7% overall, 0.5% less gas, and 0.6% less gas and autos.
Export prices fell -1.0% in November, while import prices fell -1.5%. On a year-over-year basis, export prices are down -1.9% while import prices are down -2.3%.
Business inventories rose 0.2% in October, while business sales fell -0.1%. The stock-to-sales ratio was unchanged at 1.30.
Initial weekly jobless claims fell 3,000 to 294,000. The 4-week average rose 250 to 299,250. Continuing claims rose 142,000 to 2.514 million.
The Bloomberg Consumer Comfort Index rose points to a seven-year high of 41.3 in the latest week.
The Fed’s balance sheet rose $2.7 billion last week, with total assets of $4.489 trillion. Reserve bank credit rose $1.8 billion.
The Fed reports that M2 money supply rose by $35.6 billion in the latest week.