Free Markets, Free People

Economic Statistics for 28 May 15

The MBA reports that mortgage applications fell -1.6% last week, with purchases up 1.0% and refis down -4.0%.

Redbook reports that last week’s retail sales growth continued to fall, down  to 1.6% on a year-ago basis, from the previous week’s 1.8%.

Initial weekly jobless claims rose 7,000 to 282,000. The 4-week average rose 5,000 to 271,500. Continuing claims rose 11,000 to 2.222 million.

The Bloomberg Consumer Comfort Index continues to fall, down -1.5 points to 40.9 in the latest week.

The Pending Home Sales Index jumped an unexpectedly large 3.4% to 112.4. The index is up 14.0% on a year-over-year basis.

The Fed’s balance sheet fell $-16.4 billion last week, with total assets of $4.464 trillion. Reserve bank credit fell $-5.0 billion.

The Fed reports that M2 money supply rose by $27.0 billion in the latest week.

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