Free Markets, Free People


Economic Statistics for 29 Aug 13

Real GDP growth for 2Q 2013 was revised to an annualized 2.5% from the initial estimate of 1.7%. The GDP Price Index was revised to 0.8%.

Initial claims for unemployment last week fell 6,000 to 331,000. The 4-week moving average rose 2,500 to 330,500. Continuing claims fell 14,000 to 2.989 million.

Corporate profits in 2Q 2013 were $1.830 trillion, up from $1.785 trillion in 1Q.

The Bloomberg Consumer Comfort Index continued to fall sharply, down almost -3 points to -31.7, a 4-month low.

The Fed’s balance sheet fell $-1.2 billion last week, with total assets of $3.644 trillion. Reserve Bank credit increased $12.0 billion.

The Fed reports that M2 Money Supply fell by $-18.3 billion last week.


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