Key Economic Indicators – August 15, 2016

  • Advance estimates of retail and food services sales for July were virtually unchanged from June, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were down 0.3%.
  • Total manufacturing and trade inventories were up 0.2% in June, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.39.
  • The number of job openings increased 2.0% in June to 5.6 million, according to the U.S. Bureau of Labor Statistics.
  • The advance figure for initial claims for unemployment insurance was 266 thousand in the week ending August 6, a decrease of a thousand from the previous week. The 4-week moving average was 262.75 thousand, an increase of 3 thousand from the previous week’s revised average.
  • Mortgage applications increased 7.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 5th.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment edged up to 90.4 in early August.

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