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Economic Statistics for 29 Sep 16

The final revision of 2nd Quarter GDP came in at 1.4% annualized growth, while the GDP Price index was 2.3%.

The nation’s deficit in good trade fell to -58.4 billion in August from $-59.3 billion in July, as exports rose 0.7% and imports rose 0.3%.

Wholesale inventories fell -0.1% in August, with non-durables down -0.6% and durables up 0.1%.

The NAR’s Pending Home Sales Index fell a sharp -2.4% to 108.5 in August, with 3 of the 4 regions showing declines.

Initial weekly jobless claims rose 3,000 to 254,000. The 4-week average fell  2,250 to 256,000. Continuing claims fell 46,000 to 2.062 million.

The Bloomberg Consumer Comfort Index rose 0.3 points to 41.6 in the latest week.

The Fed’s balance sheet fell $-21.0 billion last week, with total assets of $4.452 trillion. Reserve bank credit fell $-1.6 billion.

The Fed reports that M2 money supply rose by $10.9 billion in the latest week.

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