Free Markets, Free People
Economic statistics for 20 Oct 11
Today’s economic statistical releases:
Initial jobless claims dropped 6k from last week to 403k, but that was still 3k higher than analysts expected.
The Bloomberg index of consumer comfort fell to -48.4 from last week’s -50.8.
Existing home sales fell -3.0% to a 4.91 million annual rate in September, mainly due to a 3.6% drop in the key single-family component.
The Philadelphia Fed reports that the Mid-Atlantic manufacturing sector is stabilizing and improving as the general business conditions index rose to 8.7 from -9.8.
Most of the leading economic indicators point to sluggish growth ahead, but loose monetary policy boosted the overall index by 0.2%.