- Total Industrial production increased 0.6% in May, following a 0.3% decline in April. Total industrial production in May was up 4.3% from May 2013.
- The rate of capacity utilization for total industry was 79.1% in May, compared with 77.8% in May of 2013.
- Housing starts decreased 6.5% in May, while building permits decreased 6.4%. The total number of starts was 1.001 million in May, up 9.4% from a year ago.
- The housing market index of National Association of Home Builders (NAHB) and Wells Fargo increased 4 points to 49 in June.
- The results of Freddie Mac’s Primary Mortgage Market Survey of June 19th showed average fixed mortgage rates moving slightly lower for the week.
- Mortgage applications decreased 1.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 20th.
- The current account deficit rose to $111.2 in the first quarter, from $87.3 billion in the previous quarter.
- The advance figure for initial claims for unemployment insurance decreased 6 thousand to 312 thousand in the week ending June 14.
- The consumer price index (headline index) rose 0.4% in May, while the core index increased 0.3%. The consumer price index increased 2.1% for the 12-month period ending in May, while the core index rose 1.9%.
- The June 2014 Empire State Manufacturing Survey indicated that business activity was strong and steady in the New York manufacturing sector.
- The Philadelphia FED business outlook survey for June indicated strength in manufacturing activity.
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