Factory Orders Jump 3.7% in July
Aug 31, 10:24 AM EDT |
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| Shipments, up four of the last five months, increased $10.9 billion or 2.6% to $425.9 billion. |
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| New orders for manufactured goods in July, up five of the last six months, increased $15.8 billion or 3.7% to $436.7 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0% June increase. |
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Personal Income Advances 0.5% in July
Aug 31, 8:52 AM EDT |
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| Personal current taxes increased $4.6 billion in July, compared with an increase of $9.2 billion in June. |
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| Personal income increased $61.9 billion, or 0.5%, and disposable personal income increased $57.3 billion, or 0.6%, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $37.8 billion, or 0.4%. In June, personal income increased $45.7 billion, or 0.4%, DPI increased $36.5 billion, or 0.4%, and PCE increased $16.1 billion, or 0.2%, based on revised estimates. |
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Jobless Claims Rise by 9,000
Aug 30, 9:07 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 2% for the week ending Aug. 18, 0.1% higher than last-week unrevised rate of 1.9%. |
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| In the week ending Aug. 25, the advance figure for seasonally adjusted initial claims was 334,000, an increase of 9,000 from the previous week''''s revised figure of 325,000. The 4-week moving average was 324,500, an increase of 6,250 from the previous week''''s revised average of 318,250. |
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GDP Revised Up 4% in Q2
Aug 30, 8:51 AM EDT |
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| In the first quarter, real GDP increased 0.6%. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 4.0% in the second quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6%. |
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Crude and Gasoline Inventories Decline
Aug 29, 10:50 AM EDT |
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| Distillate fuel inventories increased by 0.9 million barrels, and are in the middle of the average range for this time of year. |
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| U.S. commercial crude oil inventories fell by 3.5 million barrels compared to the previous week. However, at 333.6 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year. Total motor gasoline inventories dropped by 3.6 million barrels last week, and are well below the lower end of the average range. Declines were seen in inventories for both finished gasoline and gasoline blending components. |
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FOMC Minutes
Aug 28, 2:28 PM EDT |
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| Inventories generally appeared to be well aligned with sales at midyear. |
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| The economy expanded at a moderate pace during the first half of the year despite the ongoing drag from the housing sector. While the growth of consumer spending slowed in the second quarter from its rapid pace in prior quarters, wages and salaries increased solidly and household sentiment appeared supportive of further gains in spending. Business fixed investment picked up in the second quarter after little net change in the preceding two quarters. |
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Existing Home Sales Drop 0.2% in July
Aug 27, 10:18 AM EDT |
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| The median existing single-family home price was $228,600 in July, down 1.0% from July 2006. |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.2% to a seasonally adjusted annual rate of 5.75 million units in July from an upwardly revised pace of 5.76 million in June, and are 9.0% below the 6.32 million-unit level in July 2006. |
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New Home Sales Rise 2.8% in July
Aug 24, 10:29 AM EDT |
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| The median sales price of new houses sold in July 2007 was $239,500; the average sales price was $300,800. |
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| Sales of new one-family houses in July 2007 were at a seasonally adjusted annual rate of 870,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.8% above the revised June rate of 846,000 and is 10.2% below the July 2006 estimate of 969,000. |
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Durable Goods Orders Soar 5.9% in July
Aug 24, 8:48 AM EDT |
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| Shipments of manufactured durable goods in July, up four of the last five months, increased $8.1 billion or 3.8% to $219.8 billion. |
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| New orders for manufactured durable goods in July increased $12.9 billion or 5.9% to $230.7 billion, the U.S. Census Bureau announced today. This was the fifth increase in the last six months and at the highest level since the series was first stated on a NAICS basis in 1992. This increase followed a 1.9% June increase. Excluding transportation, new orders increased 3.7%. Excluding defense, new orders increased 4.9%. |
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Jobless Claims Drop by 2,000
Aug 23, 8:45 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Aug. 11, unchanged from the last week unrevised rate of 1.9%. |
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| In the week ending Aug. 18, the advance figure for seasonally adjusted initial claims was 322,000, a decrease of 2,000 from the previous week''''s revised figure of 324,000. The 4-week moving average was 317,750, an increase of 4,750 from the previous week''''s revised average of 313,000. |
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