Key Economic Indicators – November 18, 2013

  • Total Industrial production decreased 0.1% in October, after a 0.7% increase in the previous month. The rate of capacity utilization was 78.1%.
  • Sales of merchant wholesalers in September were up 0.6%, while inventories were up 0.4%.
  • In September, international trade deficit was $41.8 billion, $3.1 billion more than the  revised August figure. The cumulative trade deficit for the first nine months was $359.5 billion, compared with a cumulative deficit of $407.3      billion during the first nine months of 2012.
  • The federal government budget ran a surplus of $91.6 billion in October, after a surplus of $75.1 billion in the previous month.
  • Third quarter  productivity increased 1.9% (seasonally adjusted annual rate) in the non-farm business sector, while unit labor costs decreased 0.6%.
  • The advance figure for initial claims for unemployment insurance decreased 2 thousand to 339 thousand in the week ending November 9.
  • The import price index decreased 0.7% in October, while export prices decreased 0.5%.  The import price index decreased 2.0% from October 2012, while export prices decreased 2.1%.
  • The results of Freddie  Mac’s Primary Mortgage Market Survey of November 14th showed average fixed mortgage rates moving higher for the second consecutive week.
  • Mortgage applications decreased 1.8% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 8th.
  • The November 2013 Empire State Manufacturing Survey indicated that conditions weakened for New York manufacturers.

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