Free Markets, Free People

Economic Statistics for 22 Oct 15

Existing home sales rose a strong 4.7% in September to a 5.55 million annual rate. On a year-over-year basis, sales are up 8.8%.

The FHFA House Price Index rose 0.3% in August, and is up 5.5% on a year-ago basis.

The Conference Board’s Index of Leading Indicators fell back -0.2% in September, mainly due to the fall in building permits.

The Kansas City Fed Manufacturing Index almost rose out of negative territory, rising from -8 to -1 in October.

The Chicago Fed National Activity Index rose from -0.41 to -0.37 for September, still indicating broad weakness in the economy.

Initial weekly jobless claims rose 4,000 to 259,000. The 4-week average fell 2,000 to 263,250. Continuing claims rose 6,000 to 2.170 million.

The Bloomberg Consumer Comfort Index fell -1.7 points to 43.5 in the latest week.

The Fed’s balance sheet fell $-3.3 billion last week, with total assets of $4.501 trillion. Reserve bank credit rose $6.0 billion.

The Fed reports that M2 money supply fell by $-18.7 billion in the latest week.

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