Free Markets, Free People

Economic Statistics for 27 Aug 15

GDP for the 2nd Quarter of 2015 was revised sharply upwards to an annualized 3.7%, with the GDP Price Index up 2.1%.

Corporate profits in the second quarter came in at $1.824 trillion, up a year-on-year 7.3%.

The Pending Home Sales Index rose 0.5% in July to 110.9.

The Kansas City Fed Manufacturing Index declined by -2 points to -9 as the district’s manufacturing contraction deepened.

Initial weekly jobless claims fell 6,000 to 271,000. The 4-week average rose 1,000 to 272,500. Continuing claims rose 13,000 to 2.269 million.

The Bloomberg Consumer Comfort Index rose 0.9 points to 42.0 in the latest week.

The Fed’s balance sheet fell $-12.1 billion last week, with total assets of $4.475 trillion. Reserve bank credit rose $70.8 billion.

The Fed reports that M2 money supply increased by $33.4 billion in the latest week.


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