Key Economic Indicators – December 15, 2014

  • Advance estimates of retail and food services sales for November were up 0.7% from the previous month, and were up 5.1% from November 2013.
  • Total manufacturing and trade sales for October were down 0.1%, while inventories were up 0.2%.
  • Sales of merchant wholesalers in October were up 0.2%, while inventories were up 0.4%.
  • The federal government budget ran a deficit of $56.8 billion in November, after a deficit of $121.7 billion in the previous month.
  • Domestic non-financial debt rose at a seasonally adjusted annual rate of 4.4% in the third quarter, following an increase of 3.4% in the previous quarter.
  • The producer price index for final demand (headline index) decreased 0.2% in November, while the core index decreased 0.1%. The producer price index for finished goods increased 1.4% from November 2013 to November 2014.
  • The import price index decreased 1.5% in November, while export prices decreased 1.0%. The import price index decreased 2.3% from November 2013, while the price index for exports decreased 1.9%.
  • The advance figure for initial claims for unemployment insurance decreased 3 thousand to 294 thousand in the week ending December 6.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of December 11th showed average fixed mortgage rates slightly up from the previous week, but with the average 30-year fixed-rate remaining below 4.0%.
  • Mortgage applications increased 7.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending December 5th.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, rose in December.

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