- Real GDP increased at an annual rate of 0.4% in the fourth quarter of 2012, after increasing at 3.1% in the previous quarter. In the “second” estimate, released a month ago, real GDP increased 0.1%.
- Corporate profits from current production increased $45.4 billion in the fourth quarter, after an increase of $45.7 billion in the previous quarter.
- Personal income increased 1.1%, in February, while personal consumption expenditures increased 0.7%. Personal savings as percent of personal disposable income were 2.6% in February, compared with 2.2% in the previous month.
- The price index for personal consumption expenditures increased 0.4% in February, while the core index increased 0.1%. The price index (headline index) and the core index were both up 1.3% from February 2012.
- New orders for manufactured durable goods increased 5.7% in February, while shipments increased 1.0%.
- February new home sales decreased 4.6% to an annualized rate of 411 thousand units. The median sales price of new houses sold was $246.8 thousand, 2.9% above February 2012.
- The S & P/Case-Shiller National U.S. Home Price Index increased 7.3% and 8.1% in the 12 months ending in January, for the 10-city and 20-city composite indices, respectively. In the 12 months ended in January, prices rose in all 20 cities.
- The Pending Home Sales Index decreased 0.4% to a reading of 104.8 in February, according to the National Association of Realtors. The index was 8.4% above February 2012 level.
- The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates moving slightly higher for the week, but still remaining near historic lows.
- Mortgage applications increased 7.7% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending March 22nd.
- The advance figure for initial claims for unemployment insurance increased 16 thousand to 357 thousand in the week ending March 23.
- The Conference Board’s consumer confidence index, which had improved in February, declined in March.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose in March.
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