Economic Statistics for 12 Feb 15
Initial weekly jobless claims rose 25,000 to 304,000. The 4-week average fell 3,000 to 289,750. Continuing claims fell 51,000 to 2.354 million.
Retail sales fell -0.8% overall in January, while sales less autos fell -0.8%, and sales less autos and gas rose 0.2%.
The Bloomberg Consumer Comfort Index fell -1.2 points to 44.3 in the latest week.
Business inventories rose only 0.1% in December, but business sales fell a very sharp -0.9%. The stock-to-sales ratio jumped to a troubling 1.33, the highest since July 2009.
The Fed’s balance sheet rose $1.4 billion last week, with total assets of $4.502 trillion. Reserve bank credit rose $0.9 billion.
The Fed reports that M2 money supply jumped by $71.6 billion in the latest week.