Key Economic Indicators – June 18, 2012

*          Advance estimates of retail and food services sales for May were down 0.2% from April, but were up 5.3% from May 2011.

*          Total manufacturing and trade sales for April increased 0.2%, while inventories increased 0.4%.

*          Total Industrial production decreased 0.1% in May, following a 1.0% increase in the previous month.

*          The federal government budget ran a deficit of $124.6 billion in May, after a surplus of $59.1 billion in the previous month.

*          Domestic non-financial debt rose at a seasonally adjusted annual rate of 4.7% in the first quarter of 2012, following an increase of 4.9% in the previous quarter.

*          The current account deficit increased to $137.3 billion in the first quarter of 2012, from $118.7 billion in the previous quarter.

*          Treasury International Capital reported net foreign purchases of long-term securities of $26.1 billion in April, compared with net purchases of $21.9 billion in the previous month.

*          The import price index decreased 1.0% in May, while the export price index decreased 0.4%.

*          The producer price index (headline index) for finished goods decreased 1.0% in May, while the core index increased 0.2%. The producer price index for finished goods increased 0.7% from May 2011 to May 2012.

*          The consumer price index decreased 0.3% in May, while the core index increased 0.2%. The consumer price index increased 1.7% for the 12-month period ending in May, while the core index rose 2.3%.

*          The 30-year fixed mortgage rate averaged 3.71% for the week ending June 14, up from last week when it averaged 3.67%. .

*          The advance figure for initial claims for unemployment insurance increased 6 thousand to 386 thousand in the week ending June 9.

*          The June Empire State Manufacturing Survey indicated that manufacturing activity in New York State expanded slightly over the month.

*          The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, declined in June to the lowest level this year.

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