Consumer Confidence Decreases in October
Oct 31, 10:24 AM EST |
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| The Conference Board Consumer Confidence Index, which increased in September, edged down in October. |
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| The Index now stands at 105.4, down from 105.9 in September. The Present Situation Index decreased to 124.7 from 128.3. The Expectations Index rose to 92.6 from 91.0 last month. The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world''''s largest custom research company. The cutoff date for October''''s preliminary results was October 24th. |
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Personal Income Rises 0.5% in September
Oct 30, 9:00 AM EST |
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| Goods-producing industries' payrolls increased $1.3 billion, compared with an increase of $3.0 billion. |
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| Personal income increased $53.0 billion, or 0.5%, and disposable personal income increased $49.3 billion, or 0.5%, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $11.6 billion, or 0.1%. In August, personal income increased $47.2 billion, or 0.4%, DPI increased $46.4 billion, or 0.5%, and PCE increased $15.3 billion, or 0.2%, based on revised estimates. |
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GDP Slows Sharply to 1.6% Rate
Oct 27, 9:18 AM EDT |
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| Economic growth slowed in the third quarter, advancing at a pace of just 1.6%, the weakest in more than three years. |
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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 1.6% in the third quarter of 2006, according to advance estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.6%. |
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New Home Sales Advance in September
Oct 26, 10:19 AM EDT |
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| The median sales price of new houses sold in September 2006 was $217,100; the average sales price was $293,200. |
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| Sales of new one-family houses in September 2006 were at a seasonally adjusted annual rate of 1,075,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.3% above the revised August rate of 1,021,000, but is 14.2% below the September 2005 estimate of 1,253,000. |
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Durable Goods Orders Soar 7.8%
Oct 26, 9:14 AM EDT |
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| Inventories of manufactured durable goods in September, up eight of the last nine months, increased$2.8 billion or 1.0% to $290.8 billion. |
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| New orders for manufactured durable goods in September increased $16.3 billion or 7.8% to $226.7 billion, the U.S. Census Bureau announced today. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed two consecutive monthly decreases including a 0.1% August decrease. |
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Initial Jobless Claims Rise by 8,000
Oct 26, 7:51 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Oct.14, unchanged from the prior week's unrevised rate of 1.9%. |
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| In the week ending Oct. 21, the advance figure for seasonally adjusted initial claims was 308,000, an increase of 8,000 from the previous week''''s revised figure of 300,000. The 4-week moving average was 305,250, a decrease of 2,750 from the previous week''''s revised average of 308,000. |
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Interest Rates Left Unchanged at 5.25%
Oct 26, 7:35 AM EDT |
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| The Federal Open Market Committee decided Wednesday to keep its target for the federal funds rate at 5-1/4%. |
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| Readings on core inflation have been elevated, and the high level of resource utilization has the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting reduced impetus from energy prices, contained inflation expectations, and the cumulative effects of monetary policy actions and other factors restraining aggregate demand. |
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September Existing-Home Sales Decline
Oct 25, 11:07 AM EDT |
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| Single-family home sales slipped 1.6% to a seasonally adjusted annual rate of 5.42 million in September. |
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| Total existing-home sales – including single-family, townhomes, condominiums and co-ops – dipped 1.9% to a seasonally adjusted annual rate1 of 6.18 million units in September from a level of 6.30 million in August, and were 14.2% below the 7.20 million-unit pace in September 2005, which was the third strongest month on record. |
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Crude Oil Inventories Fall Again
Oct 25, 10:55 AM EDT |
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| Distillate fuel inventories declined by 1.4 million barrels, but remain well above the upper end of the average range for this time of year. |
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| With crude oil imports down sharply, U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell by 3.3 million barrels compared to the previous week. At 332.3 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year. Total motor gasoline inventories dropped by 2.8 million barrels last week, and are just above the upper end of the average range. |
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Leading Indicators Climb 0.1%
Oct 19, 10:53 AM EDT |
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| The leading index increased in September, following two consecutive declines. |
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| From March to September, the leading index fell by 0.9%. The leading index has declined in 5 of the last 8 months. Weaknesses offset strengths among the leading indicators in recent months. Weakening manufacturers'' new orders of nondefense goods and housing permits made the largest negative contributions to the leading index from March to September, offsetting positive contributions from M2 money supply and consumer expectations. |
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