Trade Deficit Narrows in February
Apr 09, 9:18 AM ET |
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| Services exports decreased $0.4 billion from January to February. |
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| The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $126.8 billion and imports of $152.7 billion resulted in a goods and services deficit of $26.0 billion, down from $36.2 billion in January, revised. February exports were $2.0 billion more than January exports of $124.7 billion. |
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Import Price Index Rises 0.5% in March
Apr 09, 9:07 AM ET |
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| Prices for the major finished goods categories were mixed in March. |
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| The U.S. Import Price Index rose 0.5% in March, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. A 10.5% increase in import petroleum prices more than offset a 0.7% decline in the price index for nonpetroleum imports. In contrast, export prices fell in March, decreasing 0.6%. |
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Jobless Claims Drop by 20,000
Apr 09, 8:45 AM ET |
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| The advance unadjusted insured unemployment rate was 4.8% during the week ending March 28, unchanged from the prior week. |
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| In the week ending April 4, the advance figure for seasonally adjusted initial claims was 654,000, a decrease of 20,000 from the previous week''''s revised figure of 674,000. The 4-week moving average was 657,250, a decrease of 750 from the previous week''''s revised average of 658,000. |
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FOMC Minutes
Apr 08, 2:55 PM ET |
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| The housing market weakened further, and nonresidential construction fell. |
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| The information reviewed at the March 17-18 meeting indicated that economic activity had fallen sharply in recent months. The contraction was reflected in widespread declines in payroll employment and industrial production. Consumer spending appeared to remain at a low level after changing little, on balance, in recent months. |
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Crude and Distillate Inventories Rise
Apr 08, 10:59 AM ET |
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| Distillate fuel inventories decreased by 3.4 million barrels, and are above the upper limit of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased 1.7 million barrels from the previous week. At 361.1 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased 0.6 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and gasoline blending components inventories rose last week. |
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Wholesale Inventories Decline 1.5%
Apr 08, 10:28 AM ET |
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| February sales of durable goods were up 2% from last month, but were down 14.8% from a year ago. |
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| Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $419.3 billion at the end of February, down 1.5% from the revised January level, and were down 1.7% from a year ago. |
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ISM Service Index Falls to 40.8%
Apr 03, 10:24 AM ET |
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| The ISM Non-Manufacturing Imports Index registered 37% in March. |
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| In March, the NMI registered 40.8% indicating contraction in the non-manufacturing sector at a slightly faster rate compared to February''''s reading of 41.6%. |
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Nonfarm Payrolls Decline in March
Apr 03, 8:50 AM ET |
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| In March, the number of unemployed persons increased by 694,000 to 13.2 million, and the unemployment rate rose to 8.5%. |
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| Nonfarm payroll employment continued to decline sharply in March -663,000, and the unemployment rate rose from 8.1 to 8.5%, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. |
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Factory Orders Rise 1.8% in February
Apr 02, 10:27 AM ET |
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| Shipments, down seven consecutive months, decreased $0.4 billion or 0.1 percent to $365.9 billion. |
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| New orders for manufactured goods in February, up following six consecutive monthly decreases, increased $6.1 billion or 1.8% to $352.2 billion, the U.S. Census Bureau reported today. This followed a 3.5% January decrease. Excluding transportation, new orders increased 1.6%. |
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Jobless Claims Rise by 12,000
Apr 02, 8:53 AM ET |
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| The advance unadjusted insured unemployment rate was 4.8% during the week ending March 21, unchanged from the prior week. |
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| In the week ending March 28, the advance figure for seasonally adjusted initial claims was 669,000, an increase of 12,000 from the previous week''''s revised figure of 657,000. The 4-week moving average was 656,750, an increase of 6,500 from the previous week''''s revised average of 650,250. |
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