Key Economic Indicators – November 19, 2012

  • Advance estimates of retail and food services sales for October were down 0.3% from September, but were up 3.8% from October 2011.
  • Total manufacturing and trade sales for September were up 1.4% from August, while inventories were up 0.7%.
  • Total Industrial production decreased 0.4% in October, following a 0.2% increase in the previous month.
  • The federal government budget ran a deficit of $120.0 billion in October, after a surplus of $75.2 billion in the previous month.
  • Treasury International Capital reported net foreign purchases of long-term securities of $17.9 billion in September, compared with net purchases of $78.5 billion in the previous month.
  • The consumer price index increased 0.1% in October, while the core index increased 0.2%. The consumer price index increased 2.2% for the 12-month period ending in October, while the core index rose 2.0%.
  • The producer price index for finished goods decreased 0.2% in October. The core index, which held steady in September, also decreased 0.2%. The producer price index for finished goods increased 2.3% from October 2011 to October 2012.
  • The advance figure for initial claims for unemployment insurance increased by 78 thousand to 439 thousand in the week ending November 10.
  • Real average hourly earnings for all employees decreased 0.2% from September to October.
  • The results of Freddie Mac’s Primary Mortgage Market Survey showed fixed mortgage rates dipping to new all-time record lows amid indicators of higher consumer confidence and lower wholesale prices.
  • The November Empire State Manufacturing Survey indicated that manufacturing activity in New York State continued to decline for a fourth consecutive month.
  • The Philadelphia FED business outlook survey for November reported declines in business activity following the disruptive effects of Hurricane Sandy on the region.

Leave a Reply

You must be logged in to post a comment.