FOMC Minutes Show Inflation Concerns
May 31, 3:12 PM EDT |
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| The information reviewed suggested that economic activity expanded strongly in Q1 and gains were widespread across most categories of final sales. |
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| Consumer spending posted a sizable increase, driven by January''s bounceback in motor vehicle purchases and an acceleration in spending on other goods at the turn of the year. In addition, favorable weather boosted housing construction early in the quarter. Later in the quarter, however, the pace of consumer spending moderated, and housing starts retraced their earlier run-up. |
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CCI Declines in May
May 30, 10:25 AM EDT |
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| The Conference Board Consumer Confidence Index, which had increased in April, declined in May. The Index now stands at 103.2, down from 109.8 in April. The Present Situation Index decreased to 132.5 from 136.2. The Expectations Index fell to 83.7 from 92.3. |
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Personal Income Increases 0.5%
May 26, 9:15 AM EDT |
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| Personal income increased $57.9 billion, or 0.5 percent, and disposable personal income (DPI)increased $36.6 billion, or 0.4 percent, in April, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $55.0 billion, or 0.6 percent. |
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Existing Home Sales Slip 2%
May 25, 11:03 AM EDT |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 2.0 percent to a seasonally adjusted annual rate1 of 6.76 million units in April from a downwardly revised level of 6.90 million in March, and were 5.7 percent below the 7.17 million-unit pace in April 2005. |
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Existing Home Sales Slip 2%
May 25, 10:53 AM EDT |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 2.0 percent to a seasonally adjusted annual rate1 of 6.76 million units in April from a downwardly revised level of 6.90 million in March, and were 5.7 percent below the 7.17 million-unit pace in April 2005. |
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First Quarter GDP Revised Up
May 25, 9:43 AM EDT |
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| In the fourth quarter, real GDP increased 1.7 percent. |
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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 4.8 percent in the first quarter of 2006, according to advance estimates released by the Bureau of Economic Analysis. |
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Jobless Claims Fall to 329,000
May 25, 9:38 AM EDT |
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| In the week ending May 20, the advance figure for seasonally adjusted initial claims was 329,000, a decrease of 40,000 from the previous week''s revised figure of 369,000. The 4-week moving average was 337,000, an increase of 3,250 from the previous week''s revised average of 333,750. |
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Crude Oil Inventories Slide
May 24, 10:56 AM EDT |
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| U.S. crude oil refinery inputs averaged over 15.3 million barrels per day during the week ending May 19, down just 3,000 barrels per day from the previous week''''s average. Refineries operated at 89.7 percent of their operable capacity last week. Gasoline production remained relatively flat last week, compared to the previous week, averaging 9.2 million barrels per day. |
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New Home Sales Up 4.9%
May 24, 10:21 AM EDT |
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| Sales of new one-family houses in April 2006 were at a seasonally adjusted annual rate of 1,198,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. |
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Durable Goods Orders Decline 4.8%
May 24, 9:06 AM EDT |
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| New orders for manufactured durable goods in April decreased $10.5 billion or 4.8 percent to $210.2 billion, the U.S. Census Bureau announced today. This decrease follows two consecutive monthly increases, which includes a 6.6 percent March increase. |
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