Crude Oil and Gasoline Inventories Gain
Jan 18, 10:56 AM EST |
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| U.S. crude oil imports averaged nearly 11.1 million barrels per day last week, up nearly 1.6 million barrels per day from the previous week. |
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| U.S. commercial crude oil inventories jumped by 6.8 million barrels compared to the previous week. At 321.5 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year. Total motor gasoline inventories rose by 3.5 million barrels last week, and are at the upper end of the average range. Distillate fuel inventories increased by 0.9 million barrels, and remain above the upper end of the average range for this time of year. |
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Housing Starts Increase 4.5% in December
Jan 18, 9:15 AM EST |
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| Privately-owned housing completions in December were at a seasonally adjusted annual rate of 1,900,000. |
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| Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,642,000. This is 4.5% above the revised November estimate of 1,572,000, but is 18.0% below the December 2005 rate of 2,002,000. Single-family housing starts in December were at a rate of 1,230,000; this is 4.1% below the November figure of 1,282,000. |
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Jobless Claims Drop by 8,000
Jan 18, 9:01 AM EST |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Jan. 6. |
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| In the week ending Jan. 13, the advance figure for seasonally adjusted initial claims was 290,000, a decrease of 8,000 from the previous week''''s revised figure of 298,000. The 4-week moving average was 308,000, a decrease of 6,500 from the previous week''''s revised average of 314,500. |
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Consumer Price Index Rises 0.1% in December
Jan 18, 8:53 AM EST |
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| The Consumer Price Index for Urban Wage Earners and Clerical Workers increased 0.2% in December, prior to seasonal adjustment. |
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| The Consumer Price Index for All Urban Consumers increased 0.1% in December, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The December level of 201.8 was 2.5% higher than in December 2005. |
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Beige Book Finds Economy Growing Modestly
Jan 17, 2:50 PM EST |
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| Districts generally reported modest increases in retail sales, and vehicle sales were sluggish in several Districts. |
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| Most reports from the Federal Reserve District Banks indicated that economic activity expanded at a modest pace since the last report. The New York and San Francisco Districts reported moderate growth, while the Dallas District reported further deceleration from a high level of activity. The Minneapolis District reported slight growth. The Boston District characterized activity as mixed, and the Cleveland District saw softening activity. |
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Producer Price Index Rises 0.9% in December
Jan 17, 9:06 AM EST |
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| Among prices for finished goods, the index for energy goods rose 2.5% in December compared with a 6.1% advance in the prior month. |
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| The Producer Price Index for Finished Goods increased 0.9% in December, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed a 2.0% advance in November and a 1.6% decline in October. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.5% in December after climbing 0.7% a month earlier, and the crude goods index increased 2.9% following a 15.7% gain in November. |
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Business Inventories Gain 0.4% in November
Jan 12, 10:26 AM EST |
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| The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.30. The November 2005 ratio was 1.27. |
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| Manufacturers'''' and trade inventories adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,368.2 billion, up 0.4% from October and up 6.9% from November 2005. |
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Retail Sales Rise 0.9% in December
Jan 12, 8:59 AM EST |
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| Total sales for the 12 months of 2006 were up 6.0% from 2005. |
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| The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $369.9 billion, an increase of 0.9% from the previous month and up 5.4% from December 2005. |
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Import and Export Prices Advance in December
Jan 12, 8:56 AM EST |
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| Import prices rose for the second consecutive month in December and the 1.1% increase was the largest monthly advance since May. |
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| The U.S. Import Price Index increased 1.1% in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The advance followed a 0.5% rise in November and was led by a 4.8% upturn in petroleum prices. Export prices rose 0.7% in December, after increasing 0.4% the previous month. |
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Jobless Claims Fall 26,000
Jan 11, 8:47 AM EST |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Dec. 30, unchanged from the prior week's unrevised rate of 1.9% |
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| In the week ending Jan. 6, the advance figure for seasonally adjusted initial claims was 299,000, a decrease of 26,000 from the previous week''''s revised figure of 325,000. The 4-week moving average was 314,750, a decrease of 1,750 from the previous week''''s revised average of 316,500. |
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