Key Economic Indicators – September 14, 2015

  • Sales of merchant wholesalers in July were down 0.3% from the previous month, and were down 4.2% from a year ago. Sales of durable goods increased 1.2%, while non-durable goods sales decreased 1.7%. In July, inventories of merchant wholesalers were down 0.1% from the previous month, but were up 4.9% from July 2014.
  • The federal government budget ran a deficit of $64.4 billion in August, following a deficit of $149.2 billion in the previous month. The cumulative budget deficit for the first eleven months of fiscal year 2015 was $530.0 billion.
  • July consumer credit outstanding increased at an annual rate of6.7%. Revolving credits increased 5.7%, while non-revolving credits increased 7.0%.
  • The producer price index for final demand (headline index) held steady in August, following a 0.2% increase in the previous month. The index for final demand goods less foods and energy moved down 0.2%. The producer price index for final demand decreased 0.8% from August 2014.
  • The import price index decreased 1.8% in August, while the export price index decreased 1.4%. The import price index decreased 11.4% from August 2014, while the price index for exports decreased 7.0%.
  • The advance figure for initial claims for unemployment insurance decreased 6 thousand to 275 thousand in the week ending September 5th. The 4-week moving average was 275.75 thousand, an increase of 0.5 thousand from the previous week’s average.
  • The number of jobs openings again rose to a series high of 5.8 million on the last business day of July. The number of hires and separations decreased down to 5.0 million and 4.7 million, respectively.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of September 10th showed average fixed mortgage rates relatively unchanged from the previous week. 30-year fixed-rate mortgage averaged 3.90% for the week ending September 10th, up slightly from last week when it averaged 3.89%.
  • Mortgage applications decreased 6.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 4th.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, for September decreased to 85.7, from 91.9 in August. The index was 84.6 in September of 2014.

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