Key Economic Indicators – August 12, 2013

  • Sales of domestic cars increased 0.1% in July, while total light vehicle (cars and light trucks) sales decreased 0.6% in July. Total vehicle sales were 15.731 million units in July, at a seasonally adjusted annual rate, compared to 14.162 million in July of 2012.
  • Sales of merchant wholesalers in June were up 0.4%, while inventories were down 0.2%.
  • In June, international trade deficit was $34.2 billion, $9.9 billion less than the revised May figure.
  • The advance figure for initial claims for unemployment insurance increased 5 thousand to 333 thousand in the week ending August 3rd.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of August 8th showed average fixed mortgage rates changing little.
  • Mortgage applications increased 0.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2.

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