Personal Income Advances 0.3% in January
Feb 29, 9:29 AM EST |
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| Private wage and salary disbursements increased $23.1 billion in January, compared with an increase of $23.2 billion in December. |
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| Personal income increased $32.2 billion, or 0.3%, and disposable personal income increased $46.6 billion, or 0.4 %, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $39.9 billion, or 0.4%. In December, personal income increased $54.0 billion, or 0.5%, DPI increased $46.0 billion, or 0.4%, and PCE increased $32.0 billion, or 0.3%, based on revised estimates. |
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Jobless Claims Rise by 19,000
Feb 28, 12:24 PM EST |
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| The advance unadjusted insured unemployment rate was 2.5% during the week ending Feb. 16, unchanged from the prior week. |
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| In the week ending Feb. 23, the advance figure for seasonally adjusted initial claims was 373,000, an increase of 19,000 from the previous week''s revised figure of 354,000. The four week moving average was 360,500, a decrease of 1,250 from the previous week''s revised average of 361,750. |
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Bernanke Indicates Lower Rates
Feb 27, 12:53 PM EST |
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| The business sector has also displayed signs of being affected by the difficulties in the housing and credit markets. |
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| The economic situation has become distinctly less favorable since the time of our July report. Strains in financial markets, which first became evident late last summer, have persisted; and pressures on bank capital and the continued poor functioning of markets for securitized credit have led to tighter credit conditions for many households and businesses. |
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Crude and Gasoline Inventories Rise
Feb 27, 10:44 AM EST |
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| Distillate fuel inventories decreased by 2.5 million barrels, and are in the lower half of the average range for this time of year. |
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| U.S. commercial crude oil inventories rose by 3.2 million barrels compared to the previous week. At 308.5 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Total motor gasoline inventories increased by 2.3 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
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New Home Sales Fall 2.8% in January
Feb 27, 10:29 AM EST |
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| The median sales price of new houses sold in January 2008 was $216,000; the average sales price was $276,600. |
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| Sales of new one-family houses in January 2008 were at a seasonally adjusted annual rate of 588,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.8% ±15.3% below the revised December rate of 605,000 and is 33.9% ±10.0% below the January 2007 estimate of 890,000. |
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Durable Goods Orders Sharply Drop 5.3%
Feb 27, 8:53 AM EST |
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| Inventories of manufactured durable goods in January, up six of the last seven months, increased $2.0 billion or 0.6% to $322.3 billion. |
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| New orders for manufactured durable goods in January decreased $12.0 billion or 5.3% to $212.8 billion, the U.S. Census Bureau announced today. This decrease followed two consecutive monthly increases including a 4.4% December increase. Excluding transportation, new orders decreased 1.6%. Excluding defense, new orders decreased 4.7%. |
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Producer Price Index Rises 1% in January
Feb 26, 9:02 AM EST |
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| The index for intermediate energy goods jumped 2.8% in January after falling 1.6% in December. |
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| The Producer Price Index for Finished Goods rose 1% in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a decline of 0.3% in December and a 2.6% advance in November. At the earlier stages of processing, prices for intermediate goods moved up 1.4% after falling 0.2% in the prior month, and the crude goods index increased 2.5% following a 1.1% advance in December. |
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Existing Home Sales Drop 0.4% in January
Feb 25, 10:24 AM EST |
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| The national median existing-home price for all housing types was $201,100 in January, down 4.6% from a year ago when the median was $210,900. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.4% to a seasonally adjusted annual rate of 4.89 million units in January from an upwardly revised level of 4.91 million in December, and are 23.4% below the 6.44 million-unit pace in January 2007. |
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Philadelphia Fed Factory Index Falls
Feb 21, 11:41 AM EST |
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| The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, fell from -20.9 in Jan to -24.0 in Feb. |
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| Activity in the region’s manufacturing sector continued to weaken this month, according to firms surveyed for the February Business Outlook Survey. After falling significantly last month, indexes for general activity, shipments, and new orders remained negative. Despite reporting a weakness in activity, firms continued to report a rise in prices for inputs and their own manufactured goods. |
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Distillate Inventories Decline
Feb 21, 10:54 AM EST |
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| Total motor gasoline inventories increased by 1.1 million barrels last week, and are above the upper limit of the average range. |
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| U.S. commercial crude oil inventories rose by 4.2 million barrels compared to the previous week. At 305.3 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Both finished gasoline inventories and gasoline blending components inventories increased last week. Distillate fuel inventories decreased by 4.5 million barrels, and are in the lower half of the average range for this time of year. |
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