Free Markets, Free People
Economic Statistics for 26 Jan 12
Today’s economic statistical releases:
Durable goods orders for December rose a sharp 3%, and ex-transportation orders were up 2.1%. November orders were also revised upward sharply to 4.3% from 3.7%
Initial claims for unemployment rose 21,000 to 377,000. The 4-week moving average still dropped, however, to 377,500.
The Bloomberg Consumer Comfort Index rose 1 point to -46.4.
The Chicago Fed reports its National Activity Index rose to 0.17 in December from -0.46 the prior month. The 3-month moving average stands at -0.19, which is slightly below-trend growth.
New home sales in December fell 2.2% to a disappointing 307,000 annual rate, well below analyst expectations of 320,000.
The Conference Board reports that the Index of Leading Economic Indicators—which has received a huge revision to the components that make it up—rose 0.4% last month. In the LEI, money supply has been removed in place of a new credit measure, and deliveries have been dropped in favor of the ISM New Orders index. As part of this makeover, previous months have been revised sharply downward to 0.2% and 0.6%.