- The federal government budget ran a deficit of $128.7 billion in August, after a deficit of $94.6 billion in the previous month. Total receipts were $194.2 billion, up 4.8% from August 2013. Total outlays were $323.0 billion, down 3.1% from a year ago. The budget deficit of $128.7 in August was $19.2 billion less than the deficit of $147.9 billion in August of 2013. The cumulative budget deficit for the first eleven months of fiscal year 2014 was $589.5 billion, $167.6 billion less than the deficit of $757.0 billion for the same period of the previous fiscal year.
- Sales of merchant wholesalers in August were down 0.7% from the previous month, but were up 5.8% from August 2013. Inventories were up 0.7% from the previous month, and were up 7.9% from a year ago. The August inventories/sales ratio was 1.19, compared with 1.16 a year ago.
- August consumer credit outstanding increased at an annual rate of 5.0%. Revolving credits decreased 0.3%, while non-revolving credits increased 7.0%.
- The import price index decreased 0.5% in September, while the export price index decreased 0.2%. The import price index decreased 0.9% from September 2013, while the price index for exports decreased 0.2%.
- The advance figure for initial claims for unemployment insurance decreased a thousand to 287 thousand in the week ending October 4th. The 4-week moving average was 287.75 thousand, a decrease of 7.25 thousand from the previous week’s revised average.
- The results of Freddie Mac’s Primary Mortgage Market Survey of October 9th showed average fixed mortgage rates falling back near their lows for 2014. 30-year fixed-mortgage average 4.12% for the week ending October 9th, down from last week when it averaged 4.19%. 15-year fixed-rate mortgage averaged 3.30%, down from 3.36%.
- Mortgage applications increased 3.8% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 3rd.
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