Full text of U.S. Financial Data : January 3, 2002
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
January 3, 2002 USFinancialData THE WEEK’S HIGHLIGHTS: s In November, the inflation-adjusted value of construction spending totaled $721.9 billion, an increase of 0.8 percent from October’s level. By category, real private construction fell 0.4 percent in November, while public construction increased 4.9 percent. Measured from a year earlier, total construction spending is up 1.8 percent. s Initial claims for state unemployment insurance benefits totaled 447,000 for the week ending Dec. 29, 2001. During the last four reporting weeks, claims averaged 409,750. The four-week moving average fell to its lowest level since the week ending Sept. 1, 2001. s The Institute for Supply Management’s (ISM) index of manufacturing activity rose from 44.5 in November to 48.2 in December. The December reading was the highest since October 2000. An index value below 50 percent indicates that proportionately more respondents reported declines in economic activity than reported increases in activity. (The ISM was formerly known as the National Association of Purchasing Management.) s After rising 12.5 percent in October, the nominal value of new orders to manufacturers for durable goods fell 4.8 percent in November. New orders for nondefense capital goods, however, rose 4.8 percent in November after increasing 5.9 percent in October. s In December, the Conference Board’s index of consumer confidence measured 93.7 (1985 =100), up 10.4 percent from November. December’s increase was the largest since February 1996. All data are seasonally adjusted unless otherwise indicated. U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing list, please call (314) 444-8809. Information in this publication is also included in the Federal Reserve Economic Data (FRED) data base on the internet at www.stls.frb.org/fred.