Key Economic Indicators – August 20, 2012

  • Advance estimates of retail and food services sales for July were up 0.8% from June, and were up 4.1% from July 2011.
  • Total manufacturing and trade sales for June decreased 1.1% from while inventories increased 0.1%.
  • Total Industrial production increased 0.6% in July, following a 0.1% increase in the previous month.
  • Housing starts decreased 1.1% in July, following a 6.8% increase in the previous month.
  • The housing market index of National Association of Home Builders (NAHB) and Wells Fargo rose to 37 in August, from 35 in July.
  • The 30-year fixed mortgage rate averaged 3.62% for the week ending August 16, up from the previous week when it averaged 3.59%.
  • Treasury International Capital reported net foreign purchases of long-term securities of $5.5 billion in June, compared with net purchases of $50.9 billion in the previous month.
  • The producer price index for finished goods increased 0.3% in July, while the core index increased 0.4%.
  • The consumer price index held steady in July, while the core index increased 0.1%.
  • The advance figure for initial claims for unemployment insurance increased 2 thousand to 366 thousand in the week ending August 11.
  • The August Empire State Manufacturing Survey indicated that manufacturing activity in New York State deteriorated over the month.
  • The Philadelphia FED business outlook survey for August indicated weaker business conditions.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment increased in August.
  • The Conference Board index of leading economic indicators increased 0.4% in July, while the coincident index increased 0.3%.

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