Key Economic Indicators – March 17, 2014

  • Advance estimates of retail and food services sales for February increased 0.3%, following a 0.6% decrease in the previous month.
  • Total manufacturing and trade sales for January decreased 0.8%, while inventories increased 0.4%.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of March 13th showed average fixed mortgage rates edging up.
  • Mortgage applications decreased 2.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending March 7th.
  • The federal government budget ran a deficit of $193.5 billion in February, after a deficit of $10.4 billion in the previous month.
  • The advance figure for initial claims for unemployment insurance decreased 9 thousand to 315 thousand in the week ending March 8.
  • The producer price index for final demand (headline index) decreased 0.1% in February, while the core index decreased 0.2%. The producer price index for final demand increased 0.9% from February 2013, while the core index increased 1.1%
  • The import price index increased 0.9% in February, while the export price index increased 0.6%. The import price index decreased 1.1% from February 2013, while export prices decreased 1.3%.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, decreased to 79.9 in early March.

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