Key Economic Indicators – September 16, 2013

  • Advance estimates of  retail and food services sales for August were up 0.2% from the previous month, and were up 4.7% from August 2012.
  • Sales of merchant wholesalers in July were up 0.1%.
  • Total manufacturing and trade sales for July were up 0.6%, while inventories were up 0.4%.
  • The federal government budget ran a deficit of $147.9 billion in August. The cumulative budget  deficit for the first eleven months of fiscal year 2013 was $409.0 billion less than the deficit for the same period of the previous fiscal year.
  • July consumer credit outstanding increased at an annual rate of 4.4%.
  • The producer price index for finished goods (headline index) increased 0.3% in August, while the core index held steady. The producer price index for finished goods increased 1.4% from August 2012.
  • The import price index held steady in August, while the export price index decreased 0.5%. The import price index decreased 0.4% from August 2012, while the price index for exports decreased 1.1%.
  • The advance figure for initial claims for unemployment insurance decreased 31 thousand to 292 thousand in the week ending September 7th.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of September 12th showed average fixed mortgage rates relatively unchanged from the previous week.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, for September decreased to 76.8, the lowest reading since April.

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