Economic Statistics for 17 Nov 11
Today’s economic statistical releases:
Initial jobless claims continue to improve slowly, dropping 2,000 this week to 388,000.
Housing starts stayed fairly steady, though off a bit at a 628,000 annual rate. Housing starts, however, jumped to 653,000, a positive sign for future construction.
The Bloomberg Consumer Comfort Index for the week improved to -50 from the last week’s -51.6.
The Philadelphia Fed Survey shows growth slowed in the Atlantic region, falling from 8.7 to 3.6.
E-Commerce sales rose 1.9%, following the 2nd quarter’s increase of 2.6%.