Full text of U.S. Financial Data : March 28, 2002
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March 28, 2002 USFinancialData THE WEEK’S HIGHLIGHTS: s According to the final estimate, real GDP grew at a 1.7 percent annual rate during the fourth quarter of 2001. The final estimate was 0.3 percentage points greater than the preliminary estimate and 1.5 percentage points more than the advance estimate. s In the fourth quarter of 2001, corporate profits increased $125.0 billion, or 17.9 percent. In percentage terms the fourth-quarter increase—which was the first in five quarters—was the largest since the second quarter of 1946. Corporate profits are adjusted for inventory valuation changes and capital consumption charges. s For the week ending March 23, initial claims for state unemployment insurance benefits rose 18,000 to 394,000. The four-week moving average rose 3,250 to 383,500, the third consecutive increase. s After falling 15.8 percent in January, sales of new single-family homes rose 5.3 percent in February to an annual rate of 875,000 units. Measured from a year earlier, however, new home sales are down 8.8 percent. s In February, new orders to manufacturers for durable goods rose 1.5 percent, the third consecutive increase. New orders for computers and electronic products, however, fell 2.4 percent, the first decline in five months. New orders are not adjusted for price changes. s The Conference Board’s index of consumer confidence rose 15.2 percentage points in March to its highest level in seven months. 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.