Crude Oil Inventories Advance
Feb 28, 10:50 AM EST |
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| U.S. crude oil imports averaged over 9.5 million barrels per day last week, down 220,000 barrels per day from the previous week. |
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| U.S. commercial crude oil inventories increased by 1.4 million barrels compared to the previous week. At 329.0 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year. Total motor gasoline inventories fell by 1.9 million barrels last week, but remain above the upper end of the average range. Distillate fuel inventories dropped by 3.8 million barrels, and are in the upper half of the average range for this time of year. |
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New Home Sales Tumble 16.6% in January
Feb 28, 10:21 AM EST |
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| The median sales price of new houses sold in January 2007 was $239,800; the average sales price was $313,000. |
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| Sales of new one-family houses in January 2007 were at a seasonally adjusted annual rate of 937,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 16.6% below the revised December rate of 1,123,000 and is 20.1% below the January 2006 estimate of 1,173,000. |
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Fourth-Quarter GDP Growth Revised down 2.2%
Feb 28, 9:04 AM EST |
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| Real exports of goods and services increased 10.5% in the fourth quarter, compared with an increase of 6.8% in the third. |
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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 2.2% in the fourth quarter of 2006, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0%. |
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Existing Home Sales Rise 3% in January
Feb 27, 10:38 AM EST |
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| Sales were 4.3% below the 6.75 million-unit level in January 2006. |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 3.0% to a seasonally adjusted annual rate1 of 6.46 million units in January from an upwardly revised pace of 6.27 million in December. |
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Consumer Confidence Advances in February
Feb 27, 10:25 AM EST |
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| The Expectations Index edged up slightly to 94.8 from 94.4 last month. |
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| The Conference Board Consumer Confidence Index, which had marginally increased in January, improved in February. The Index now stands at 112.5, up from 110.2 in January. The Present Situation Index increased to 139.0 from 133.9. |
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Durable Goods Orders Plunge 7.8% in January
Feb 27, 8:53 AM EST |
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| Inventories of manufactured durable goods in January, up twelve of the last thirteen months, increased $1.0 billion or 0.3% to $297.7 billion. |
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| New orders for manufactured durable goods in January decreased $17.1 billion or 7.8% to $203.9 billion, the U.S. Census Bureau announced today. This followed two consecutive monthly increases including a 2.8% December increase. Excluding transportation, new orders decreased 3.1%. Excluding defense, new orders decreased 7.8%. |
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Crude Oil Inventories Rise
Feb 22, 10:53 AM EST |
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| U.S. crude oil imports averaged over 9.7 million barrels per day last week, up 158,000 barrels per day from the previous week. |
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| U.S. commercial crude oil inventories increased by 3.7 million barrels compared to the previous week. At 327.6 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year. Total motor gasoline inventories fell by 3.1 million barrels last week, but remain above the upper end of the average range. |
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Jobless Claims Drop by 27,000
Feb 22, 8:52 AM EST |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Feb. 10, unchanged from the prior week's revised rate of 1.9%. |
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| In the week ending Feb. 17, the advance figure for seasonally adjusted initial claims was 332,000, a decrease of 27,000 from the previous week''''s revised figure of 359,000. The 4-week moving average was 328,000, an increase of 1,250 from the previous week''''s revised average of 326,750. |
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Leading Index Advances in January
Feb 21, 10:25 AM EST |
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| From July to January, the leading index rose 0.7%, and the strengths and weaknesses among its components have been roughly balanced. |
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| The Conference Board announced today that the U.S. leading index increased 0.1%, the coincident index increased 0.1% and the lagging index decreased 0.1% in January. The leading index increased slightly in January and December''''s increase was revised upward as a result of data revisions in the manufacturers'''' new orders and building permits components. |
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Consumer Price Index Rises 0.3% in January
Feb 21, 9:04 AM EST |
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| The Consumer Price Index for Urban Wage Earners and Clerical Workers increased 0.2% in January, prior to seasonal adjustment. |
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| The Consumer Price Index for All Urban Consumers increased 0.3% in January, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The January level of 202.416 was 2.1% higher than in January 2006. |
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