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Economic Statistics for 8 Nov 12

The following US economic statistics were announced today:

Late yesterday, the Consumer Credit report showed another steep $11.4 billion increase in consumer credit for September, following August’s very large $18.4 billion increase. One of the main contributors to the increase was student loan debt.

Initial claims for unemployment fell 8,000 last week, to 355,000. The 4-week moving average rose 3,250 to 370,500. Continuing claims fell a sharp 135,000 to 3.127 million.

The Bloomberg Consumer Comfort Index rose 0.3 points to –34.3, the highest reading since spring.

The U.S. international trade gap in September fell to -$41.5 billion from -$44.2 billion in August. Exports rose 3.1%, and imports rose 1.5%.

~
Dale Franks
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