Construction Spending Decreases 0.8% in October
Nov 30, 10:30 AM EST |
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| Private construction spending was at a seasonally adjusted annual rate of $863.2 billion, 1.4% below the revised September estimate of $875.2 billion. |
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| The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October 2007 was estimated at a seasonally adjusted annual rate of $1,158.3 billion, 0.8% below the revised September estimate of $1,168.0 billion. The October figure is 0.6% below the October 2006 estimate of $1,164.9 billion. During the first 10 months of this year, construction spending amounted to $977.0 billion, 2.8% below the $1,005.3 billion for the same period in 2006. |
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Personal Income Advances 0.2% in October
Nov 30, 8:59 AM EST |
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| Private wage and salary disbursements increased $1.5 billion in October, compared with an increase of $35.3 billion in September. |
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| Personal income increased $21.2 billion, or 0.2%, and disposable personal income increased $14.0 billion, or 0.1%, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $23.8 billion, or 0.2%. In September, personal income increased $50.4 billion, or 0.4%, DPI increased $43.2 billion, or 0.4%, and PCE increased $33.0 billion, or 0.3%, based on revised estimates. |
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New Home Sales Increase 1.7% in October
Nov 29, 10:16 AM EST |
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| The median sales price of new houses sold in October 2007 was $217,800; the average sales price was $305,800. |
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| Sales of new one-family houses in October 2007 were at a seasonally adjusted annual rate of 728,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.7% above the revised September rate of 716,000 and is 23.5% below the October 2006 estimate of 952,000. |
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Jobless Claims Climb 23,000
Nov 29, 9:16 AM EST |
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| The advance unadjusted insured unemployment rate was 2.0% during the week ending Nov. 17, an increase of 0.1% from the prior week. |
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| In the week ending Nov. 24, the advance figure for seasonally adjusted initial claims was 352,000, an increase of 23,000 from the previous week''''s revised figure of 329,000. The 4-week moving average was 335,250, an increase of 5,750 from the previous week''''s revised average of 329,500. |
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Gross Domestic Product Rises 4.9% in Q3
Nov 29, 8:57 AM EST |
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| Real exports of goods and services increased 18.9% in the third quarter, compared with an increase of 7.5% in the second. |
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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 4.9% in the third quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8%. |
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Beige Book Sees Slower Economy Growth
Nov 28, 2:41 PM EST |
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| Manufacturing activity was mixed across subsectors but appeared to be largely stable on balance. |
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| Reports from the twelve Federal Reserve Districts suggest that the national economy continued to expand during the survey period of October through mid-November but at a reduced pace compared with the previous survey period. Among Districts, seven reported a slower pace of economic activity while the remainder generally pointed to modest expansion or mixed conditions. |
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Crude and Distillate Inventories Fall Again
Nov 28, 10:58 AM EST |
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| Distillate fuel inventories decreased by 0.1 million barrels, but are in the middle of the average range for this time of year. |
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| U.S. commercial crude oil inventories dropped by 0.4 million barrels compared to the previous week. At 313.2 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year. Total motor gasoline inventories increased by 1.4 million barrels last week, and are below the lower end of the average range. Finished gasoline inventories fell last week while gasoline blending components rose during this period. |
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Existing Home Sales Ease in October
Nov 28, 10:23 AM EST |
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| The median existing single-family home price was $205,700 in October, down 6.3% from a year ago. |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – eased by 1.2% to a seasonally adjusted annual rate of 4.97 million units in October from a downwardly revised level of 5.03 million in September, and are 20.7% below the 6.27 million-unit pace in September 2006. |
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Durable Goods Orders Drop 0.4% in October
Nov 28, 9:16 AM EST |
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| Shipments of manufactured durable goods in October, up following two consecutive monthly decreases, increased $1.2 billion or 0.6% to $213.4 billion. |
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| New orders for manufactured durable goods in October decreased $0.9 billion or 0.4% to $214.5 billion, the U.S. Census Bureau announced today. This was the third consecutive monthly decrease and followed a 1.4% September decrease. Excluding transportation, new orders decreased 0.7%. Excluding defense, new orders decreased 0.9%. |
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Crude and Distillate Inventories Decline
Nov 21, 10:47 AM EST |
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| Distillate fuel inventories decreased by 2.4 million barrels, but are in the middle of the average range for this time of year. |
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| U.S. commercial crude oil inventories dropped by 1.1 million barrels compared to the previous week. At 313.6 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year. Total motor gasoline inventories increased by 0.2 million barrels last week, and are below the lower end of the average range. Both finished gasoline inventories and gasoline blending components rose slightly during this period. |
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