US Business Inventories Gain 0.4% in November
Jan 15, 11:07 AM EST |
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| The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.24. |
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| The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,156.1 billion, up 1.6% from October 2007 and up 8.7% from November 2006. |
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Producer Price Index Decreases 0.1% in December
Jan 15, 9:13 AM EST |
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| Prices for finished goods other than foods and energy rose 0.2% in December compared with a 0.4% advance in the preceding month. |
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| The Producer Price Index for Finished Goods declined 0.1% in December, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease followed a 3.2% rise in November and a 0.1% advance in October. At the earlier stages of processing, prices received by producers of intermediate goods fell 0.2% in December after increasing 3.7% in the prior month, and the crude goods index moved up 1.0% following an 8.7% jump in November. |
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December Retail Sales Decline 0.4%
Jan 15, 11:03 AM EST |
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| Retail sales in December fell 0.4% from November but were up 4.1% from a year ago. Total retail sales in 2007 were up 4.2% from a year ago. |
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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 $382.9 billion, a decrease of 0.4% from the previous month, but 4.1% above December 2006. |
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Export Prices Increase 0.4% in December
Jan 11, 9:21 AM EST |
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| Petroleum prices decreased 0.6% in December, recording the first monthly decline since August. |
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| The U.S. Import Price Index was unchanged in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. A 0.3% increase in nonpetroleum prices was offset by a 0.6 percent decline in the price index for petroleum. U.S. export prices advanced 0.4% in December following a 0.9% rise in November. |
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U.S. Trade Deficit Widens to $63 billion
Jan 11, 9:39 AM EST |
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| November exports were $0.6 billion more than October exports of $141.7 billion. |
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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 November exports of $142.3 billion and imports of $205.4 billion resulted in a goods and services deficit of $63.1 billion, up from $57.8 billion in October, revised. |
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Bernanke Sees More Rate Cuts
Jan 10, 1:58 PM EST |
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| The civilian unemployment rate declined from a high of 6.3% in June 2003 to 4.4% in March 2007. |
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| The U.S. economy experienced a mild recession in 2001. During the ensuing recovery, above-trend growth was accompanied by rising rates of resource utilization, particularly after the expansion picked up steam in mid-2003. |
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Paulson Sees No Consolation of Mortgage Worries
Jan 10, 1:39 PM EST |
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| Consumer and business spending remained solid through the fall, and a strong global economy is boosting U.S. exports. |
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| \""""Despite the housing downturn, credit market disruption and higher energy prices, we experienced nearly 5% GDP growth in the third quarter of last year. Moreover, core inflation remains contained and historically high tax receipts have reduced the federal deficit. While growth looks to have slowed considerably in the last part of 2007, our economy remains resilient and I expect it to continue to grow.\"""" |
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Wholesale Trade Rises 2.2% in November
Jan 10, 10:20 AM EST |
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| The October preliminary estimate was revised upward $2.4 billion or 0.7%. |
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| The U.S. Census Bureau announced today that November 2007 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $380.4 billion, up 2.2% from the revised October level and were up 14.0% from the November 2006 level. |
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Jobless Claims Drop by 15,000
Jan 10, 8:48 AM EST |
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| The advance unadjusted insured unemployment rate was 2.5% during the week ending Dec. 29, an increase of 0.4% from the prior week. |
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| In the week ending Jan. 5, the advance figure for seasonally adjusted initial claims was 322,000, a decrease of 15,000 from the previous week''''s revised figure of 337,000. The 4-week moving average was 341,000, a decrease of 3,000 from the previous week''''s revised average of 344,000. |
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Crude Oil Inventories Decline
Jan 09, 10:45 AM EST |
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| Distillate fuel inventories increased by 1.5 million barrels, and are in the lower half of the average range for this time of year. |
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| U.S. commercial crude oil inventories dropped by 6.8 million barrels compared to the previous week. At 282.8 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories increased by 5.3 million barrels last week, and are in the upper half of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
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