Personal Income up 0.2% in April
May 30, 8:49 AM EDT |
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| Real disposable personal income decreased less than 0.1% in April, in contrast to an increase of less than 0.1% in March. |
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| Personal income increased $20.1 billion, or 0.2%, and disposable personal income increased $23.4 billion, or 0.2%, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $21.4 billion, or 0.2%. In March, personal income increased $44.7 billion, or 0.4%, DPI increased $35.4 billion, or 0.3%, and PCE increased $41.7 billion, or 0.4%, based on revised estimates. |
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Crude Oil Inventories Decline
May 29, 11:47 AM EDT |
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| Distillate fuel inventories increased by 1.6 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 decreased by 8.8 million barrels from the previous week. At 311.6 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. The drop was due to temporary delays in crude oil tanker off-loadings on the Gulf Coast. Total motor gasoline inventories decreased by 3.2 million barrels last week, and are near the lower limit of the average range. |
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Gross Domestic Product Rises 0.9% in Q1
May 29, 11:43 AM EDT |
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| In the fourth quarter, real GDP increased 0.6%. |
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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 0.9% in the first quarter of 2008, according to preliminary estimates released by the Bureau of Economic Analysis. |
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Jobless Claims Rise by 4,000
May 29, 11:28 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending May 17, unchanged from the prior week's unrevised rate of 2.3%. |
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| In the week ending May 24, the advance figure for seasonally adjusted initial claims was 372,000, an increase of 4,000 from the previous week''''s revised figure of 368,000. The 4-week moving average was 370,500, a decrease of 2,500 from the previous week''''s revised average of 373,000. |
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Durable Goods Orders Decline 0.5% in April
May 28, 8:54 AM EDT |
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| Inventories of manufactured durable goods in April, up nine of the last ten months, increased $1.7 billion or 0.5% to $328.6 billion. |
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| New orders for manufactured durable goods in April decreased $1.0 billion or 0.5% to $214.4 billion, the U.S. Census Bureau announced today. This was the third decrease in four months and followed a 0.3% March decrease. Excluding transportation, new orders increased 2.5%. Excluding defense, new orders decreased 0.3%. |
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New Home Sales Increase 3.3% in April
May 27, 10:20 AM EDT |
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| The median sales price of new houses sold in April 2008 was $246,100; the average sales price was $321,000. |
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| Sales of new one-family houses in April 2008 were at a seasonally adjusted annual rate of 526,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.3% above the revised March rate of 509,000, but is 42% below the April 2007 estimate of 907,000. |
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Existing Home Sales Fall 1% in April
May 23, 2:48 PM EDT |
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| The national median existing-home price for all housing types was $202,300 in April, which is 8% below a year ago when the median was $219,900. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 1% to a seasonally adjusted annual rate of 4.89 million units in April from an upwardly revised pace of 4.94 million in March, and are 17.5% below the 5.93 million-unit level in April 2007. |
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Jobless Claims Drop by 9,000
May 22, 8:48 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending May 10, unchanged from the prior week's unrevised rate of 2.3%. |
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| In the week ending May 17, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 9,000 from the previous week''''s revised figure of 374,000. The 4-week moving average was 372,250, an increase of 5,000 from the previous week''''s revised average of 367,250. |
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FOMC Minutes
May 21, 2:41 PM EDT |
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| Recent information indicates that economic activity remains weak. |
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| Inflation in the United States was elevated in March. Although the increase in food prices slowed in March relative to earlier in the year, energy prices rose sharply. Excluding these categories, core inflation rose at a relatively subdued rate again in March. The core personal consumption expenditures price index increased at a somewhat more moderate rate in the first quarter than in the fourth quarter of 2007. |
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Crude and Gasoline Inventories Decline
May 21, 10:51 AM EDT |
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| Distillate fuel inventories increased by 0.7 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 decreased by 5.4 million barrels from the previous week. At 320.4 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 0.8 million barrels last week, and are in the lower half of the average range. Finished gasoline inventories increased last week while gasoline blending components inventories decreased during this same time. |
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