Key Economic Indicators – August 13, 2012

  • In June international trade deficit was $42.9 billion, $5.1 billion less than the revised May figure.
  • The import price index decreased 0.6% in July, while the export price index increased 0.5%.
  • Sales of merchant wholesalers in June were down 1.4% , while inventories were down 0.2%.
  • Second quarter productivity increased 1.6% (seasonally adjusted annual rate) in the non-farm business sector, following a 0.5% decrease in the previous quarter. Productivity in the non-farm business sector increased 1.1% from the second quarter of 2011.
  • The advance figure for initial claims for unemployment insurance decreased 6 thousand to 361 thousand in the week ending August 4.
  • The federal government budget ran a deficit of $69.6 billion in July, after a deficit of $59.7 billion in the previous month. The cumulative deficit for the first ten months of the fiscal year was $973.8 billion, $126.1 billion less than the cumulative deficit during the first ten months of the previous fiscal year.
  • June consumer credit outstanding increased at an annual rate of 3.0% to $2,577.4 billion.
  • The 30-year fixed mortgage rate averaged 3.59% for the week ending August 9, up from the previous week when it averaged 3.55%.

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