Key Economic Indicators – November 11, 2013

  • Real GDP  increased at an annual rate of 2.8% in the third quarter of 2013, following an increase of 2.5% in the previous quarter.
  • The price index for gross domestic purchases increased 1.8% in the third quarter, compared to an increase of 0.2% in the previous quarter.
  • Personal income increased 0.5%, in September, while personal consumption expenditures increased 0.2%. The price index for personal consumption expenditures (headline index) and the core index both were up 0.1% in September. The price index (headline index) was up 0.9% from September 2012, while the core index was up 1.2%.
  • New orders for manufactured goods increased 1.7% in September, while shipments of increased 0.1%.
  • Sales of domestic cars increased 1.2% in October, while total light vehicle sales decreased 0.3% in October. Total vehicle sales were 15.154 million units in October, at a seasonally adjusted annual rate, compared to 14.330 million in October of 2012.
  • Total non-farm payroll employment rose 204 thousand in October, following an increase of 163 thousand in the previous month.
  • The unemployment rate edged up to 7.3% in October,  from 7.2% in September.
  • The average workweek of all employees on private nonfarm payrolls held steady at 34.4 hours. Average hourly earnings of all employees on private nonfarm payrolls increased by 2 cents.  Over the past 12 months, average hourly  earnings were up 2.2%.
  • The advance figure for initial claims for unemployment insurance decreased 9 thousand to 336 thousand in the week ending November 2.
  • September consumer credit outstanding increased at an annual rate of 5.4%.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of November 7th showed average fixed mortgage rates moving higher for the first time in three weeks.
  • Mortgage applications decreased 7.0% from a week  earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1st.
  • The Institute for Supply Management’s (ISM) non-manufacturing survey results indicated growth in October.
  • The Conference Board index of leading economic indicators increased 0.7% in September, while the coincident index increased 0.2%.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, fell in November to its lowest level  since December 2011.

Leave a Reply

You must be logged in to post a comment.