Free Markets, Free People

Economic Statistics for 25 Aug 16

Durable goods orders rose 4.4% in July, with ex-transportation orders up 1.5% and core capital goods orders up 1.6%. On a year-over-year basis, however, orders have fallen -3.3%, ex-transportation orders are down -0.6%, and core capital goods orders are down -4.9%.

Initial weekly jobless claims fell 1,000 to 261,000. The 4-week average fell 1,250 to 264,000. Continuing claims fell 30,000 to 2.145 million.

The Bloomberg Consumer Comfort Index rose 1.7 points to 45.3 in the latest week.

The Fed’s balance sheet rose $7.4 billion last week, with total assets of $4.474 trillion. Reserve bank credit fell $-0.7 billion.

The Fed reports that M2 money supply rose by $22.9 billion in the latest week.


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