US: Initial jobless claims drop against consensus, to 332K in Mar-10 week

In the week ending at March 10 week, initial jobless claims dropped from 342K (revised from 340K) to 332K, against a market consensus pointing to 350K. Continuing claims rose from 3.113M to 3.024M, better than the expected 3.100M.

Mar 14, 2013

US: PPI rises to 0.7% as expected in February

As expected, the US Producer Price Index rose 0.7% (previously at 0.2%) (MoM) and 1.7% (previously at 1.4%) (YoY) in February. Excluding food and energy, data eased from 1.8% to 1.7% (YoY), with a monthly rise of 0.2%.

US: Current Account deficit at $110.4B in Q4, Q3 data revised higher to $112.4B

The US current account deficit narrowed from $-112.4B to $-110.4B in Q4, beating the $-112.80B consensus. However, Q3 data was revised much higher from $107.51.