- Friday, 22 December 2017
- News
Durable Goods Orders rose by 1.3%
Orders for all durable goods -- items meant to last at least three years -- increased 1.3 percent as bookings for commercial and military aircraft rebounded. Core capital goods orders advanced at an 18 percent annualized rate in the three months through November, while those shipments moved ahead at a 14.9 percent pace. The data indicate spending on equipment will provide more fuel for economic growth after a third-quarter contribution that was the most in two years.
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- Thursday, 21 December 2017
- News
Unemployment Claims up to 245,000
In the week ending December 16, the advance figure for seasonally adjusted initial claims was 245,000, an increase of 20,000 from the previous week's unrevised level of 225,000. The 4-week moving average was 236,000, an increase of 1,250 from the previous week's unrevised average of 234,750. Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal.
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- Thursday, 21 December 2017
- News
Philly Fed Manufacturing Index increased to 26.2
The diffusion index for current general activity increased from a reading of 22.7 in November to 26.2 this month. Nearly 41 percent of the firms indicated increases in activity this month, up from 35 percent in November. Both the current new orders and shipments indexes also improved this month, increasing 8 points and 2 points, respectively. Although they moderated slightly, both the delivery times and unfilled orders indexes remained positive, suggesting longer delivery times and increases in unfilled orders. Inventories were, on balance, nearly steady this month: The percentage of firms reporting lower inventories (19 percent) was slightly higher than the percentage reporting higher inventories (17 percent).
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- Thursday, 21 December 2017
- News
US GDP grew by 3.2% in Q3
Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2017, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 3.3 percent. With this third estimate for the third quarter, personal consumption expenditures increased less than previously estimated, but the general picture of economic growth remains the same.
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