Key Economic Indicators – July 16, 2012

*          In May international trade deficit was $48.7 billion, $1.9 billion less than the revised April figure.

*          The federal government budget ran a deficit of $59.7 billion in June, after a deficit of $124.6 billion in the previous month.

*          May consumer credit outstanding increased at an annual rate of 8.0% to $2,572.8 billion.

*          Fixed mortgage rates continued to find new record lows, according to Freddie Macís weekly primary mortgage market surveys. The 30-year fixed mortgage rate averaged 3.56% for the week ending July 12, down from the previous week when it averaged 3.62%.

*          Sales of merchant wholesalers in May were down 0.8% from April, while inventories were up 0.3%.

*          The producer price index for finished goods (headline index) increased 0.1% in June, while the core index increased 0.2%. The producer price index for finished goods increased 0.7% from June 2011 to June 2012.

*          The import price index decreased 2.7% in June, while the export price index decreased 1.7%.

*          The advance figure for initial claims for unemployment insurance decreased 26 thousand to 350 thousand in the week ending July 7.

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



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