Free Markets, Free People

Economic Statistics for 16 Apr 15

Housing starts in March rose a disappointing 2.0%, following February’s -15.3 decline. Starts came in at an annualized 0.926 million. Housing permits, an indicator of future activity, were also disappointing, falling -5.7% to a 1.039 million annual rate. On a year-over-year basis, housing starts were down -2.5% while permits were up 2.9%.

The Philadelphia Fed Business Outlook Survey rose 2.5 points in April to 7.5.

The Bloomberg Consumer Comfort Index fell -1.3 points to 46.6 in the latest week.

Initial weekly jobless claims rose 12,000 to 294,000. The 4-week average rose 250 to 282,750. Continuing claims fell 40,000 to a new 15-year low of 2.268 million.

The Fed’s balance sheet rose $1.9 billion last week, with total assets of $4.485 trillion. Reserve bank credit rose $4.4 billion.

The Fed reports that M2 money supply rose a sharp $78.9 billion in the latest week.

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