Key Economic Indicators – July 15, 2013

  • Sales of merchant wholesalers in May were up 1.6% from April, while inventories were down 0.5%.
  • May consumer credit outstanding increased at an annual rate of 8.3%. Revolving credits increased at an annual rate of 9.3%, while non-revolving credits increased 7.9%.
  • The producer price index for finished goods (headline index) increased 0.8% in June, while the core index increased 0.2%. The producer price index for finished goods increased 2.5% from June 2012 to June 2013.
  • The import price index decreased 0.2% in June, while export prices decreased 0.1%. The import price index increased 0.2% from June 2012, while export prices increased 0.8%.
  • The advance figure for initial claims for unemployment insurance increased 16 thousand to 360 thousand in the week ending July 6th.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of July 11th showed average fixed mortgage rates continuing to trend higher.
  • Mortgage applications decreased 4.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 10th.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, decreased  slightly in early July.

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