Free Markets, Free People

Economic Statistics for 10-11 Aug 16

The US Government had a budget deficit of $-112.8 billion. For the year to date, the deficit is up 10.3% over last year.

July import prices rose 0.1%, and export prices rose 0.2%. On a year-over-year basis, prices are down -3.7%, for imports and -3.0% for exports.

The MBA reports that mortgage applications rose 7.1% last week, with purchases up 3.0% and refis up 10.0%.

Initial weekly jobless claims fell 1,000 to 266,000. The 4-week average rose 3,500 to 262,750. Continuing claims rose 14,000 to 2.155 million.

The Bloomberg Consumer Comfort Index fell -1.2 points to 41.8 in the latest week.

The Fed’s balance sheet rose $2.1 billion last week, with total assets of $4.468 trillion. Reserve bank credit rose $1.8 billion.

The Fed reports that M2 money supply rose by $32.0 billion in the latest week.


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