Key Economic Indicators – August 22, 2016

  • Total Industrial production, which increased 0.4% in June, increased 0.7% in July. The rate of capacity utilization increased 0.5 percentage point to 75.9%.
  • Housing starts in July were up 2.1%, while building permits held steady.
  • The consumer price index held steady in July, following a 0.2% increase in the previous month. The core index increased 0.1%, following a 0.2% increase as in the previous month. The consumer price index increased 0.8% for the 12-month period ending in July, while the core index rose 2.2%.
  • The advance figure for initial claims for unemployment insurance was 262 thousand in the week ending August 13, a decrease of 4 thousand from the previous week. The 4-week moving average was 262.25 thousand, a decrease of 0.5 thousand from the previous week’s average.
  • Mortgage applications decreased 4.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 12th.
  • The August 2016 Empire State Manufacturing Survey indicated that business activity remained weak for New York manufacturers. The headline index was negative 4.2 in August, down from positive 0.6 in July.
  • The Philadelphia FED business outlook survey indicated that regional manufacturing activity remained flat in August.


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