U.S. Economic News

January 18, 2018

U.S. Economic Indicators

Privately-owned housing starts fell 8.2% in December to a seasonally adjusted annual rate of 1.19 million (down 6.0% year-over-year). Housing permits edged down 0.1% to a 1.30 million annual pace in December but are up 2.8% on the year.  Census Bureau Report
 
Initial jobless claims decreased 41,000 to 220,000 last week. The four-week moving average fell 6,250 to 244,500.  DOL Report
 
The Philadelphia Fed’s Business Outlook Survey fell 5.7 points to 22.2 in January, suggesting that mid-Atlantic manufacturing continues to expand but at a slightly slower pace. 
The current shipments index increased 6.4 points to 30.3 while the current new orders index dropped 18.1 points to 10.1.  Report

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