Key Economic Indicators – September 15, 2014

  • Advance estimates of retail and food services sales for August were up 0.6% from the previous month, and were up 5.0% from August 2013. Excluding autos, retail and food services sales were up 0.3% in August.
  • Total inventories of merchant wholesalers were up 0.1% in July, while sales were up 0.7%.
  • Total manufacturing and trade sales for July were up 0.8%, while inventories were up 0.4%.
  • In July, consumer credit increased at a seasonally adjusted annual rate of 9.75%. Revolving credit increased 7.5%, while non-revolving credit increased 10.5%.
  • The federal government budget ran a deficit of $128.7 billion in August, after a deficit of $94.6 billion in the previous month.
  • The advance figure for initial claims for unemployment insurance increased 11 thousand to 315 thousand in the week ending September 6.
  • The import price index decreased 0.9% in August, while the export price index decreased 0.5%. The import price index decreased 0.4% from August 2013, while export prices increased 0.4%.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of September 11th showed average fixed mortgage rates moving slightly upward.
  • Mortgage applications decreased 7.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 5th.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, rose to 84.6 in early September.

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