1. Healthcare

CURRENT ECONOMIC INDICATORS — UNITED STATES
January 30, 2015
Economy at a glance
Month-over-month % change unless otherwise indicated
Jan-14 Feb-14 Mar-14
Apr-14 May-14 Jun-14
Jul-14 Aug-14 Sep-14
Oct-14 Nov-14 Dec-14
Labour market
Non-farm payrolls (change in 000s)
144
222
203
304
229
267
243
203
271
261
353
Unemployment rate (%)
6.6
6.7
6.6
6.2
6.3
6.1
6.2
6.1
5.9
5.7
5.8
5.6
2.21
2.45
2.30
2.30
2.39
2.29
2.28
2.48
2.28
2.22
2.17
1.62
-8.12
7.67
-1.09
5.90
-5.10
-3.18
8.63
-5.11
2.79
5.92
-3.66
0.57
897
928
950
1063
984
909
1098
963
1028
1092
1043
1089
Average hourly earnings (year/year %)
252
Housing market
Building permits
Housing starts (units, thous.)
New home sales (units, thous.)
Existing home sales (units, thous.)
NAHB housing market index
Construction spending
457
432
403
413
458
409
399
448
456
462
431
481
4620
4600
4590
4660
4910
5030
5140
5050
5180
5250
4920
5040
56
46
46
46
45
49
53
55
59
54
58
58
-0.68
-0.79
0.02
1.38
1.30
-1.62
0.31
0.11
0.56
1.17
-0.28
n/a
16.801
Consumer
Car sales (million units, saar)
15.194
15.331
16.423
15.969
16.667
16.847
16.402
17.438
16.335
16.345
17.093
Retail sales
-1.26
0.85
1.51
0.62
0.43
0.39
0.27
0.60
-0.07
0.33
0.41
-0.94
Retail sales (ex-autos)
-0.85
0.43
0.93
0.59
0.36
0.49
0.16
0.30
0.09
0.23
0.12
-1.00
Conference Board consumer confidence index
79.4
78.3
83.9
81.7
82.2
86.4
90.3
93.4
89.0
94.1
91.0
93.1
Michigan consumer sentiment index
96.8
95.4
95.7
98.7
94.5
96.6
97.4
99.8
98.9
98.3
102.7
104.8
-0.29
0.36
0.64
-0.06
0.08
0.27
0.10
0.66
0.16
0.21
0.73
n/a
4.9
5.0
4.8
5.0
5.1
5.1
5.0
4.7
4.5
4.6
4.4
n/a
Real personal consumption expenditure
Personal saving rate (%)
Manufacturing
Durable goods orders
-2.53
2.61
3.72
0.86
-0.89
2.73
22.47
-18.30
-0.74
0.26
-2.12
-3.41
Factory orders
-1.64
1.68
1.47
0.79
-0.56
1.54
10.48
-10.03
-0.46
-0.72
-1.30
n/a
Trade
Exports
-0.17
-2.44
3.28
0.19
1.15
-0.44
1.19
0.36
-1.76
1.58
-0.99
n/a
Imports
0.64
-0.71
3.07
1.34
-0.05
-1.12
0.54
0.02
0.03
0.73
-2.17
n/a
-39.2
-42.2
-43.1
-45.9
-43.6
-41.7
-40.7
-40.0
-43.6
-42.2
-39.0
n/a
Trade balance ($ billions)
Prices
Consumer price index
0.14
0.10
0.20
0.26
0.35
0.26
0.09
-0.20
0.09
0.00
-0.26
-0.37
1.58
1.13
1.51
1.95
2.13
2.07
1.99
1.70
1.66
1.66
1.32
0.76
0.13
0.12
0.20
0.24
0.26
0.13
0.10
0.01
0.14
0.20
0.07
0.00
1.62
1.57
1.66
1.83
1.96
1.93
1.86
1.72
1.73
1.81
1.70
1.61
Core PCE deflator (year/year %)
1.24
1.23
1.26
1.44
1.52
1.50
1.49
1.47
1.48
1.53
1.41
n/a
Producer price index (year/year %)
1.63
1.22
1.89
3.08
2.55
2.85
2.85
2.28
2.13
1.67
1.01
-0.66
Core PPI (year/year %)
1.96
1.90
1.73
1.73
1.78
1.89
1.94
1.94
2.05
2.10
1.99
1.82
(year/year %)
Core CPI
(year/year %)
Other indicators
Manufacturing ISM index
51.8
54.3
54.4
55.3
55.6
55.7
56.4
58.1
56.1
57.9
57.6
55.1
ISM non-manufacturing index
54.3
52.5
53.7
55.3
56.1
56.3
57.9
58.6
58.1
56.9
58.8
56.5
Chicago PMI
60.1
59.5
57.4
62.5
61.9
63.5
53.6
64.3
61.9
64.5
60.7
58.8
Philadelphia Fed index
10.0
-2.0
10.7
16.0
18.3
19.6
22.8
25.5
18.6
19.0
40.2
24.3
Leading indicators
Business inventories
-0.09
0.53
0.96
0.35
0.60
0.60
1.02
0.00
0.76
0.59
0.42
0.50
0.43
0.46
0.40
0.63
0.47
0.35
0.38
0.13
0.28
0.21
0.19
n/a
Financial markets at glance
(End of month, unless otherwise indicated)
Fed fund rate (%)
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
0.1250
U.S. prime rate (%)
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
3.25
2-year Treasury yield (%)
0.39
0.33
0.40
0.42
0.39
0.45
0.51
0.47
0.57
0.45
0.53
0.64
10-year Treasury yield (%)
2.86
2.71
2.72
2.71
2.56
2.60
2.54
2.42
2.53
2.30
2.33
2.21
Yield curve (10yr - 2yr) basis points
S&P 500 index (monthly average)
NASDAQ composite index (monthly average)
DJIA index (monthly average)
247.00
238.00
232.00
229.00
217.00
215.00
203.00
195.00
196.00
185.00
180.00
157.00
1822.36
1817.03
1863.52
1864.26
1889.77
1947.09
1973.10
1961.53
1993.23
1937.27
2044.57
2054.27
4154.36
4199.45
4276.36
4119.31
4135.37
4332.74
4434.13
4464.83
4551.59
4403.23
4687.70
4732.70
16243.72 15958.44 16308.63 16399.50 16567.25 16843.75 16988.26 16775.15 17098.13 16701.87 17648.98 17754.24
Euro (EUR/USD)
1.3618
1.3665
1.3828
1.3810
1.3739
1.3595
1.3533
1.3315
1.2889
1.2677
1.2473
1.2329
Yen (USD/JPY)
103.76
102.13
102.34
102.46
101.77
102.06
101.74
102.94
107.43
108.03
116.30
119.32
1.64700
1.65580
1.66240
1.67480
1.68420
1.69080
1.70660
1.67000
1.62900
1.60740
1.57710
1.56440
Pound (GBP/USD)
Source: Reuters, Federal Reserve Board, Bureau of Labor Statistics, U.S. Census Bureau, National Association of Realtors, Bureau of Economic Analysis, National
Association of Purchasing Managers, Conference Board National Association of Home Builders, Bloomberg.
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