GDP Decreases 5.7% in Q1
May 29, 10:35 AM ET |
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| In the fourth quarter, real GDP decreased 6.3%. |
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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 5.7% in the first quarter of 2009, according to preliminary estimates released by the Bureau of Economic Analysis. |
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Crude and Gasoline Inventories Fall
May 28, 11:09 AM ET |
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| Distillate fuel inventories increased by 0.3 million barrels, and are above the upper boundary 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 363.1 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 0.6 million barrels last week, and are below the lower limit of the average range. Both finished gasoline inventories and gasoline blending components inventories decreased last week. |
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New Home Sales Increase 0.3% in April
May 28, 10:25 AM ET |
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| The median sales price of new houses sold in April 2009 was $209,700; the average sales price was $254,000. |
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| Sales of new one-family houses in April 2009 were at a seasonally adjusted annual rate of 352,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.3% above the revised March rate of 351,000, but is 34% below the April 2008 estimate of 533,000. |
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Durable Goods Orders Rise 1.9% in April
May 28, 8:55 AM ET |
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| Shipments of manufactured durable goods in April, down nine consecutive months, decreased $0.3 billion or 0.2% to $174.2 billion. |
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| New orders for manufactured durable goods in April increased $3.0 billion or 1.9% to $161.5 billion, the U.S. Census Bureau announced today. This was the second increase in the last three months and followed a 2.1% March decrease. Excluding transportation, new orders increased 0.8%. Excluding defense, new orders also increased 1%. |
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Jobless Claims Decline
May 28, 8:44 AM ET |
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| The advance unadjusted insured unemployment rate was 4.6% during the week ending May 16, unchanged from the prior week. |
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| In the week ending May 23, the advance figure for seasonally adjusted initial claims was 623,000, a decrease of 13,000 from the previous week''''s revised figure of 636,000. The 4-week moving average was 626,750, a decrease of 3,000 from the previous week''''s revised average of 629,750. |
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Existing Home Sales Increase 2.9% in April
May 27, 10:27 AM ET |
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| The median existing single-family home price was $169,800 in April, which is 14.9% below a year ago. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 2.9% to a seasonally adjusted annual rate of 4.68 million units in April from a downwardly revised pace of 4.55 million units in March, but were 3.5% below the 4.85 million-unit level in April 2008. |
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Jobless Claims Drop by 12,000
May 21, 8:41 AM ET |
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| The advance unadjusted insured unemployment rate was 4.6 percent during the week ending May 9, unchanged from the prior week. |
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| In the week ending May 16, the advance figure for seasonally adjusted initial claims was 631,000, a decrease of 12,000 from the previous week''''s revised figure of 643,000. The 4-week moving average was 628,500, a decrease of 3,500 from the previous week''''s revised average of 632,000. |
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FOMC Minutes
May 20, 2:36 PM ET |
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| The U.S. international trade deficit diminished in February to its lowest level since November 1999, as imports fell and exports rose a bit. |
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| The information reviewed at the April 28-29 meeting indicated that the pace of decline in some components of final demand appeared to have slowed recently. Consumer spending firmed in the first quarter after dropping markedly during the second half of 2008. Housing activity remained depressed but seemed to have leveled off in February and March. |
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Crude and Gasoline Inventories Decline
May 20, 11:17 AM ET |
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| Distillate fuel inventories increased by 0.6 million barrels, and are above the upper boundary of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 2.1 million barrels from the previous week. At 368.5 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 4.3 million barrels last week, and are below the lower limit of the average range. Both finished gasoline inventories and gasoline blending components inventories decreased last week. |
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Housing Starts Drop 12.8%
May 19, 8:45 AM ET |
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| Single-family housing starts in April were at a rate of 368,000; this is 2.8% above the revised March figure of 358,000. |
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| Privately-owned housing starts in April were at a seasonally adjusted annual rate of 458,000. This is 12.8% below the revised March estimate of 525,000 and is 54.2% below the revised April 2008 rate of 1,001,000. |
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