- Advance estimates of retail and food services sales for May were up 0.5% from April, and were up 2.5% from May 2015, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were up 0.4% in May.
- Total manufacturing and trade sales for April were up 0.9%, while inventories were up 0.1%, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.40, compared with 1.41 in the previous month.
- Total Industrial production decreased 0.4% in May, following a 0.6% increase in the previous month. The rate of capacity utilization decreased 0.4 percentage point to 74.9%.
- Housing starts in May were down 0.3% from the previous month, but were up 9.5% from May 2015. Building permits in May were up 0.7% from April, but were down 10.1% from a year ago.
- The consumer price index increased 0.2% in May, following a 0.4% increase in the previous month. The core index increased 0.2%, the same increase as in the previous month. The consumer price index increased 1.0% for the 12-month period ending in May, while the core index rose 2.2%.
- The producer price index for total final demand increased 0.4% in May, following a 0.2% in the previous month. The index for final demand goods less foods and energy increased 0.3%, after posting a 0.1% increase in the previous month. The producer price index for final demand decreased 0.1% from May 2015 to May 2016, while the core index rose 1.2%.
- The import price index increased 1.4% in May, while the export price index increased 1.1%. The import price index decreased 5.0% from May 2015 to May 2016, while the price index for exports decreased 4.5%.
- The advance figure for initial claims for unemployment insurance was 277 thousand in the week ending June 11, an increase of 13 thousand from the previous week’s level. The 4-week moving average was 269.25 thousand, a decrease of 0.25 thousand from the previous week’s average.
- The June 2016 Empire State Manufacturing Survey indicated that business activity improved for New York manufacturers.
- The Philadelphia FED business outlook survey indicated that regional manufacturing activity improved slightly in June.
This entry was posted on Sunday, June 19th, 2016 at 10:24 AM and is filed under Key Economic Indicators. You can follow any responses to this entry through the RSS 2.0 feed.
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