Today’s Data: 3Q GDP Revisions, Initial Claims and more

December 22, 2011

Today’s economic statistical releases:Photo of Dale Franks

The Commerce Department’s 3rd estimate of 3Q GDP was again revised downwards, to a 1.8% annualized rate.On a year over year basis, GDP was up 1.5% over 3Q 2010. The downward revision was led by a smaller decline in inventories and less growth in personal consumption.

Initial claims for unemployment fell for the 3rd consecutive week, down 4,000 to a much lower-than-expected level of 364,000. Continuing claims fell 79,000 to 3.546 million, the lowest level of the recovery.

The Chicago Fed National Activity Index fell to -0.37 in November from a revised -0.11 in October. Housing is still heavily negative in the report.

The Bloomberg Consumer Comfort Index climbed to -45 in the period ended December 18 from -49.9 the prior week.

Consumer sentiment continued to improve, to 69.9 in December from 64.1 in November.

The FHFA reported that house prices in October unexpectedly declined -0.2% after rising 0.4% in September. Analysts had expected a 0.3% rise in prices, not further downward price pressure.

The index of leading economic indicators rose 0.5% in November following October’s 0.9% increase. Positive elements include the treasury rate spread, building permits, consumer expectations, building permits, and falling unemployment claims.


Originally posted at QandO.
Dale Franks
Google+ Profile
Twitter Feed

Tags: , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


Thompson Creek
"Your Partners for a Life Lived Well"

Private Client Fee Only Advice

Click here


Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter- The View From The Bluff
For Email Marketing you can trust
View Lance Paddock's profile on LinkedIn