GDP Decreases 6.2% in Q4
Feb 27, 8:47 AM ET |
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| In the third quarter, real GDP decreased 0.5%. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - decreased at an annual rate of 6.2% in the fourth quarter of 2008, according to preliminary estimates released by the Bureau of Economic Analysis. |
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New Home Sales Drop 10.2% in January
Feb 26, 11:08 AM ET |
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| The median sales price of new houses sold in January 2009 was $201,100; the average sales price was $234,600. |
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| Sales of new one-family houses in January 2009 were at a seasonally adjusted annual rate of 309,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.2% below the revised December rate of 344,000 and is 48.2% below the January 2008 estimate of 597,000. |
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Jobless Claims Rise by 36,000
Feb 26, 8:59 AM ET |
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| The advance unadjusted insured unemployment rate was 4.6% during the week ending Feb. 14, an increase of 0.1 percentage point from the last week. |
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| In the week ending Feb. 21, the advance figure for seasonally adjusted initial claims was 667,000, an increase of 36,000 from the previous week''''s revised figure of 631,000. The 4-week moving average was 639,000, an increase of 19,000 from the previous week''''s revised average of 620,000. |
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Durable Goods Orders Decline 5.2% in January
Feb 26, 8:45 AM ET |
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| Unfilled orders for manufactured durable goods in January, down four consecutive months, decreased $15.3 billion or 1.9% to $785.0 billion. |
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| New orders for manufactured durable goods in January decreased $9.0 billion or 5.2% to $163.8 billion, the U.S. Census Bureau announced today. This was the sixth consecutive monthly decrease and followed a 4.6% December decrease. Excluding transportation, new orders decreased 2.5%. Excluding defense, new orders decreased 2.3%. |
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Gasoline Inventories Decline
Feb 25, 10:50 AM ET |
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| Distillate fuel inventories increased by 0.8 million barrels, and are above the upper limit of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased 0.7 million barrels from the previous week. At 351.3 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 3.4 million barrels last week, and are in the lower half of the average range. |
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Existing Home Sales Fall 5.3% in January
Feb 25, 10:39 AM ET |
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| Single-family home sales fell 4.7% to a seasonally adjusted annual rate of 4.05 million in January from a pace of 4.25 million in December. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 5.3% to a seasonally adjusted annual rate of 4.49 million units in January from a level of 4.74 million units in December, and are 8.6% lower the 4.91 million-unit pace in January 2008. |
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Consumer Price Index Increases 0.3% in January
Feb 20, 9:06 AM ET |
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| On a seasonally adjusted basis, the CPI-U increased 0.3% in January after declining in each of the three previous months. |
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| The energy index climbed 1.7% in January, its first increase in six months, but it was still 31.4% below its July 2008 peak level. |
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Crude and Distillate Inventories Decline
Feb 19, 11:28 AM ET |
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| Distillate fuel inventories decreased by 0.8 million barrels, and are above the upper limit of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased 0.2 million barrels from the previous week. At 350.6 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 1.1 million barrels last week, and are in the upper half of the average range. Finished gasoline inventories decreased last week while gasoline blending components inventories increased during this same time. |
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Jobless Claims Remain Unchanged
Feb 19, 9:14 AM ET |
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| The advance unadjusted insured unemployment rate was 4.5% during the week ending Feb. 7, an increase of 0.1 percentage point from the prior week. |
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| In the week ending Feb. 14, the advance figure for seasonally adjusted initial claims was 627,000, unchanged from the previous week\''s revised figure of 627,000. The 4-week moving average was 619,000, an increase of 10,500 from the previous week\''s revised average of 608,500. |
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Producer Price Index Rises 0.8% in January
Feb 19, 8:54 AM ET |
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| The Producer Price Index for Crude Materials for Further Processing fell 2.9% in January following a 5.3% decline in December. |
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| The Producer Price Index for Finished Goods rose 0.8% in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed declines of 1.9% in December and 2.5% in November. |
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