- Advance estimates of retail and food services sales for June were up 0.6%, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were up 0.7%.
- Total manufacturing and trade inventories were up 0.2% in May, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.40, compared with 1.37 a year ago.
- Total Industrial production, which decreased 0.3% in May, increased 0.6% in June. The rate of capacity utilization increased 0.5 percentage point to 75.4%.
- The consumer price index increased 0.2% in June, the same increase as in the previous month. The core index increased 0.2%, the same increase as in the previous month. The consumer price index increased 1.0% for the 12-month period ending in June, while the core index rose 2.3%.
- The producer price index for total final demand increased 0.5% in June, while the index for final demand goods less foods and energy increased 0.4%. The producer price index for final demand increased 0.3% from June 2015, while the core index increased 1.3%.
- The import price index increased 0.2% in June, while the export price index increased 0.8%. The import price index decreased 4.8% from June 2015 to June 2016, while the price index for exports decreased 3.5%.
- The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending July 9, unchanged from the previous week. The 4-week moving average was 259 thousand, a decrease of 5.75 thousand from the previous week’s average.
- Mortgage applications increased 7.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 8th.
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