Gross Domestic Product Rises 3.3% in Q2
Aug 28, 9:01 AM ET |
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| In the first quarter, real GDP increased 0.9%. |
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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 3.3% in the second quarter of 2008, according to preliminary estimates released by the Bureau of Economic Analysis. |
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Jobless Claims Drop by 10,000
Aug 28, 8:46 AM ET |
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| The advance unadjusted insured unemployment rate was 2.4% during the week ending Aug. 16, unchanged from the prior week. |
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| In the week ending Aug. 23, the advance figure for seasonally adjusted initial claims was 425,000, a decrease of 10,000 from the previous week''''s revised figure of 435,000. The 4-week moving average was 440,250, a decrease of 6,000 from the previous week''''s revised average of 446,250. |
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Crude and Gasoline Inventories Decline
Aug 27, 10:44 AM ET |
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| Distillate fuel inventories remained unchanged, and are in the upper half of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 0.1 million barrels from the previous week. At 305.8 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Total motor gasoline inventories decreased by 1.2 million barrels last week, and are below the lower boundary of the average range. Both finished gasoline inventories and gasoline blending components inventories decreased last week. |
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Durable Goods Orders Rise 1.3% in July
Aug 27, 8:53 AM ET |
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| Shipments of manufactured durable goods in July, up three of the last four months, increased $5.3 billion or 2.5% to $218.3 billion. |
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| New orders for manufactured durable goods in July increased $2.9 billion or 1.3% to $219.3 billion, the U.S. Census Bureau announced today. This was the third consecutive monthly increase and followed a 1.3% June increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 2.8%. |
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FOMC Minutes
Aug 26, 2:23 PM ET |
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| Industrial production declined in the second quarter after having been flat over the previous two quarters. |
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| Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output. To further its long-run objectives, the Committee in the immediate future seeks conditions in reserve markets consistent with maintaining the federal funds rate at an average of around 2%. |
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New Home Sales Rise 2.4% in July
Aug 26, 10:17 AM ET |
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| The median sales price of new houses sold in July 2008 was $230,700; the average sales price was $294,600. |
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| Sales of new one-family houses in July 2008 were at a seasonally adjusted annual rate of 515,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.4% above the revised June rate of 503,000, but is 35.3% below the July 2007 estimate of 796,000. |
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Existing Home Sales Increase 3.1% in July
Aug 25, 10:24 AM ET |
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| The national median existing-home price for all housing types was $212,400 in July, down 7.1% from a year ago when the median was $228,600. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 3.1% to a seasonally adjusted annual rate of 5.00 million units in July from a downwardly revised level of 4.85 million in June, but are 13.2% lower than the 5.76 million-unit pace in July 2007. |
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Jobless Claims Drop by 13,000
Aug 21, 9:07 AM ET |
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| The advance seasonally adjusted insured unemployment rate was 2.5% for the week ending Aug. 9, unchanged from the prior week's revised rate of 2.5%. |
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| In the week ending Aug. 16, the advance figure for seasonally adjusted initial claims was 432,000, a decrease of 13,000 from the previous week''''s revised figure of 445,000. The 4-week moving average was 445,750, an increase of 7,250 from the previous week''''s revised average of 438,500. |
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Crude Oil Inventories Rise
Aug 20, 10:48 AM ET |
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| Distillate fuel inventories increased by 0.5 million barrels, and are in the upper half of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased by 9.4 million barrels from the previous week. At 305.9 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Total motor gasoline inventories decreased by 6.2 million barrels last week, and are below the lower boundary of the average range. |
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Producer Price Index Rises 1.2% in July
Aug 19, 9:10 AM ET |
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| The Producer Price Index for Intermediate Materials, Supplies, and Components advanced 2.7% in July following a 2.1% increase in June. |
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| The Producer Price Index for Finished Goods advanced 1.2% in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 1.8% jump in June and a 1.4% rise in May. |
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