Economic Data for Thursday, October 21, 1999
Weekly Jobless Claims = +9k to 298k
dol.gov
In the week ending Oct. 16, the advance figure for seasonally adjusted initial claims was 298,000, an increase of 9,000 from the previous week's revised figure of 289,000. The 4-week moving average was 300,750, an increase of 6,000 from the previous week's revised average of 294,750.
Philly Fed for October = 6.9
phil.frb.org
The current general activity index decreased from 17.6 in September to 6.9 this month. Although over 64 percent of the manufacturers report no change in the overall level of activity from the previous month, the percentage reporting increases (20 percent) exceeded the percentage reporting decreases (13 percent). Indicators for new orders and shipments moved in the opposite direction of the general activity index this month. The current new orders index increased from 6.9 to 20.2, and the current shipments index increased from 5.5 to 19.8.
The current prices paid index increased notably from 11.8 to 22.5, its highest reading in four years (see chart). Despite reported increases in input prices, prices of final manufactured goods do not show the same degree of upward pressures. |
