View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

August 29, 2002

USFinancialData
THE WEEK’S HIGHLIGHTS:
■ According to the preliminary estimate, real GDP rose at a 1.1
percent annual rate during the second quarter. The preliminary
estimate is unchanged from the advance estimate. Measured from
four quarters earlier, real GDP has increased 2.1 percent.
■ During the second quarter, corporate profits from current production, which include inventory valuation and capital consumption
adjustments, fell $13.4 billion, or 1.7 percent. Profits fell $13.8
billion, or 1.7 percent, in the first quarter, but they are up 8.7 percent
from four quarters earlier.
■ The Conference Board’s index of help-wanted advertising fell 3
percentage points in July to 44 percent (1987=100). The index
measured 57 percent one year earlier. The Conference Board’s index
of consumer confidence fell 3.9 percentage points in August to 93.5
percent, its lowest value since November 2001.
■ The value of new orders to manufacturers for durable goods
increased 8.7 percent in July, more than offsetting the 4.5 percent
decline in June. New orders for nondefense capital goods rose 13.5
percent, following a 9.6 percent drop in June. Manufacturers’ shipments of durable goods rose 3.1 percent in July, while their inventories fell 0.4 percent. New orders, shipments, and inventory data
are not adjusted for price changes.
■ In July, sales of new single-family homes totaled 1,017,000 units at
an annual rate, an all-time high. Sales in June, however, were revised
down 4.8 percent to 953,000 units.

All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data will continue to be mailed to all subscribers through June 27, 2003. After that date,
this publication will be available weekly only on the Internet at <research.stlouisfed.org/publications/usfd>.
To be added to our free electronic mailing list, please visit our web site at <research.stlouisfed.org/maillist>.
To obtain more information on the data, access the Federal Reserve Economic Data (FRED) database
at <research.stlouisfed.org/fred> or send an e-mail to stlsFRED@stls.frb.org.