Key Economic Indicators – August 18, 2014

  • Advance estimates of retail and food services sales for July were up less than 0.1% from the previous month, and were up 3.7% from July 2013. Retail sales excluding autos rose 0.1% from the previous month.
  • Total manufacturing and trade sales for June were up 0.3% from the previous month, while inventories were up 0.4%.
  • Total Industrial production increased 0.4% in July. Total industrial production was up 5.0% from July 2013.
  • The rate of capacity utilization for total industry was 79.2%, compared with 77.5 in July 2013.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of August 14th showed average fixed mortgage rates decreasing from the previous week. Averaging at 4.12% for the week, the 30-year fixed-rate mortgage once again is at its 2014 low.
  • Mortgage applications decreased 2.7% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 8th.
  • The federal government budget ran a deficit of $94.6 billion in July, after a surplus of $70.5 billion in the previous month.
  • The advance figure for initial claims for unemployment insurance increased 21 thousand to 311 thousand in the week ending August 9.
  • The producer price index for total demand (headline index) increased 0.1% in July, while the core index, excluding food & energy, increased 0.2%. The producer price index increased 1.7% from July 2013.
  • The import price index decreased 0.2% in July, while the export price index held steady. The import price index increased 0.8% from July 2013, while export prices increased 0.4%.
  • The August 2014 Empire State Manufacturing Survey indicated that acceleration in business activity slowed for New York manufacturers. The index still remains strong at 14.7, compared with 25.6 in July.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, decreased to 79.2 in early August.

Leave a Reply

You must be logged in to post a comment.