Free Markets, Free People

Economic Statistics for 24 Mar 16

Durable goods orders plunged -2.8% in February, with non-transportation orders down -1.0% and core capital goods down -1.8%. Even worse, on a year-over-year basis, while orders are up 1.8% overall, ex-transportation orders are down -0.5%, and core capital goods are down -0.1%. So, basically jumbo jet orders are the only things that are up.

The Kansas City Fed’s Manufacturing index rose from -12 to a still-negative -6.

The PMI Services Flash rose from 49.8 to 51.0 in March.

Initial weekly jobless claims were unchanged at 265,000. The 4-week average fell 8,250 to 259,750. Continuing claims fell 239,000 to 2.179 million.

The Bloomberg Consumer Comfort Index fell 0.7 points to 43.6 in the latest week.

The Fed’s balance sheet rose $6.5 billion last week, with total assets of $4.493 trillion. Reserve bank credit rose $4.5 billion.

The Fed reports that M2 money supply rose by $22.8 billion in the latest week.

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