Free Markets, Free People
Economic Statistics for 20 Dec 12
The following US economic statistics were announced today:
The index of leading indicators fell -0.2% in November, as expected, due mainly to temporary, Sandy-related weakness in employment.
The Bloomberg Consumer Comfort Index rose to an eight month high of -31.9 from -34.5.
Initial claims for unemployment rose 17,000 last week, to 361,000. The 4-week moving average fell 14,000 to 367,750. Continuing claims rose 12,000 to 3.225 million.
Corporate profits in the third quarter rose 17.9% to $1.742 trillion annualized.
Existing home sales rose 5.9% to a much better than expected 5.04 million annual rate.
Philadelphia Fed Survey took a big jump back into positive territory, rising to 8.1 from last month’s -10.7.
The FHFA House Price Index rose 0.5% in October, which is up 5.6% on a year-over-year basis.
3rd quarter GDP was revised up to an annualized 3.1% in the final estimate, a big change from the initial 2.0% estimate. A big change. The GDP price index, an inflation measure, rose 2.7%.