• In August, the international trade deficit was $44.2 billion, $1.7 billion more than the revised July figure.
  • The federal government budget ran a surplus of $75.0 billion in September, after a deficit of $190.5 billion in the previous month. The deficit for the fiscal year 2012 was $1,089.4 billion, compared with a deficit of $1,296.8 billion for the previous fiscal year.
  • August consumer credit outstanding increased at an annual rate of 8.0% to $2,725.6 billion.
  • The 30-year fixed mortgage rate averaged 3.39% for the week ending October 11, up from last week when it averaged 3.36%.
  • The advance figure for initial claims for unemployment insurance decreased by 30 thousand to 339 thousand in the week ending October 6.
  • The producer price index for finished goods (headline index) increased 1.1% in September, while the core index held steady. The producer price index for finished goods increased 2.1% from September 2011 to September 2012.
  • The import price index increased 1.1% in September, while the export price index increased 0.8%. The import price index decreased 0.2% from September 2011, while the price index for exports decreased 0.5%.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, increased to 83.1 in October from 78.3 in September. This was the highest reading since September 2007.
  • The FED’s “Beige Book” indicated that overall economic activity generally expanded modestly since the last report.
  • Total non-farm payroll employment rose 114 thousand to 133.500 million in September, following an increase of 142 thousand in the previous month.   Private-sector payrolls increased 104 thousand in the month, while government employment increased 10 thousand.
  • The number of unemployed persons decreased by 456 thousand to 12.088 million. The unemployment rate decreased to 7.8%, from 8.1% in the previous month.
  • The average workweek of production and non-supervisory employees held steady at 33.7 hours, while average hourly earnings increased by 5 cents to $19.81.
  • The advance figure for initial claims for unemployment insurance increased by 4 thousand to 367 thousand in the week ending September 29.
  • Sales of domestic cars decreased 1.0% in September, while total light vehicle (cars and light trucks) sales increased 2.8%. Total sales were 14.879 million units in September, at a seasonally adjusted annual rate, compared to 13.093 million in September of 2011.
  • New orders for manufactured goods (excluding semiconductors) decreased 5.2% in August, while shipments decreased 0.3%.
  • August construction spending decreased 0.6% to $837.1 billion, seasonally adjusted annual rate, following a 0.4% decrease in the previous month.
  • The 30-year fixed mortgage rate decreased to all-time record low of 3.36% for the week ending October 4.
  • The Institute for Supply Management’s (ISM) manufacturing survey indicated that the manufacturing sector expanded in September following three consecutive months of slight contraction, and the overall economy grew for the 40th consecutive month.
  • In September, the Institute for Supply Management’s (ISM) non-manufacturing survey results indicated growth in the non-manufacturing business activity for the 33rd consecutive month.
  • Real GDP increased at an annual rate of 1.3% in the second quarter of 2012, after increasing 2.0% in the previous quarter. In the second estimate, released a month ago, the increase in real GDP was 1.7%. The price index for gross domestic purchases increased 0.7% in the second quarter, compared to an increase of 2.5% in the previous quarter.
  • Corporate profits from current production increased $21.8 billion in the second quarter, after a decrease of $53.0 billion in the previous quarter.
  • Personal income 0.1% in August, while personal consumption expenditures increased 0.5%. The price index for personal consumption expenditures, which held steady in July, rose 0.4% in August. The price index (headline index) was up 1.5% from August 2011.
  • New orders for manufactured durable goods decreased 13.2% in August, while shipments decreased 3.0%
  • August new home sales decreased 0.3% to an annualized rate of 373 thousand units. The median sales price of new houses sold was $256.9 thousand, 17.0% above the August 2011 figure.
  • U.S. House prices rose 0.2% on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. For the 12 months ending in July, U.S. prices rose 3.7%.
  • The S & P/Case-Shiller National U.S. Home Price Index posted annual increases of 0.6% and 1.2% in July, for the 10-city and 20-city composite indices, respectively.
  • The Pending Home Sales Index, a leading indicator for the housing sector, decreased 2.6% to a reading of 99.2 in August, according to the National Association of Realtors.
  • The 30-year fixed mortgage rate decreased to all-time record low of 3.40% for the week ending September 27.
  • The advance figure for initial claims for unemployment insurance decreased by 26 thousand to 359 thousand in the week ending September 22.
  • The Conference Board’s consumer confidence index, which had declined in August, improved in September.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose to 78.3 in September from 74.3 in August, the highest level since May.
  • Housing starts increased 2.3% in August, following a 2.8% decrease in the previous month.
  • August existing home sales increased 7.8% to an annualized rate of 4,820 thousand units. The August figure was 9.3% above the August 2011 figure. The median sales price of existing houses sold was $187.4 thousand, 9.5% above August 2011.
  • The housing market index of National Association of Home Builders (NAHB) and Wells Fargo rose 3 points to 40 in September, its highest level since June 2006.
  • The 30-year fixed mortgage rate decreased to 3.49%, matching its all-time record low, for the week ending September 20.
  • The current account deficit decreased to $117.4 billion in the second quarter, from $133.6 billion in the first quarter.
  • Treasury International Capital reported net foreign purchases of long-term securities of $60.2 billion in July, compared with net purchases of $5.5 billion in the previous month.
  • Domestic non-financial debt rose at a seasonally adjusted annual rate of 5.0% in the second quarter of 2012, following an increase of 4.4% in the previous quarter.
  • The advance figure for initial claims for unemployment insurance decreased by 3 thousand to 382 thousand in the week ending September 15.
  • The September Empire State Manufacturing Survey indicated that manufacturing activity in New York State continued to weaken over the month.
  • The Philadelphia FED business outlook survey for September indicated nearly flat business conditions.
  • The Conference Board index of leading economic indicators decreased in August, the third time this year.
  • Advance estimates of retail and food services sales for August were up 0.9% from July, and were up 4.7% from August 2011.
  • Total manufacturing and trade sales for July increased 0.9%, while inventories increased 0.8%.
  • Total Industrial production decreased 1.2% in August, following a 0.5% increase in the previous month.
  • In July international trade deficit was $42.0 billion, $0.1 billion more than the revised June figure.
  • The federal government budget ran a deficit of $190.5 billion in August. The cumulative deficit for the first eleven months of the fiscal year was $1,164.4 billion, $69.7 billion less than the cumulative deficit during the first eleven months of the previous fiscal year.
  • July consumer credit outstanding decreased at an annual rate of 1.5% to $2,705.2 billion.
  • The 30-year fixed mortgage rate held steady at 3.55% for the week ending September 13.
  • The advance figure for initial claims for unemployment insurance increased by 15 thousand to 382 thousand in the week ending September 8.
  • The producer price index for finished goods (headline index) surged 1.7% in August, while the core index increased 0.2%. The producer price index for finished goods increased 2.0% from August 2011 to August 2012.
  • The consumer price index (headline index), which held steady in June and July, increased 0.6% in August, while the core index increased 0.1%. The consumer price index increased 1.7% for the 12-month period ending in August, while the core index rose 1.9%.
  • The import price index increased 0.7% in August, while the export price index increased 0.9%. The import price index decreased 2.2% from August 2011, while the export price index decreased 0.9%.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, rose to 79.2 in September from 74.3 in August.
  • The Federal Open Market Committee decided to keep its target for the federal funds rate at 0 to 0.25%, and indicated that it is anticipated that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2015. The Committee decided to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month.
  • Total non-farm payroll employment rose 96 thousand to 133.300 million in August, following an increase of 141 thousand in the previous month. Private-sector payrolls increased 103 thousand in the month, while government employment decreased 7 thousand.
  • The number of unemployed persons decreased by 250 thousand to 12.544 million. The unemployment rate decreased to 8.1%, from 8.3% in the previous month.
  • The average workweek of production and non-supervisory employees held steady at 33.7 hours, while average hourly earnings decreased by a cent to $19.75.
  • The advance figure for initial claims for unemployment insurance decreased by 12 thousand to 365 thousand in the week ending September 1.
  • Second quarter productivity increased 2.2% in the non-farm business sector, following a 0.5% decrease in the previous quarter. Unit labor costs increased 1.5% in the second quarter, following a 6.4% increase in the previous quarter.
  • Sales of domestic cars increased 5.6% in August, while total light vehicle (cars and light trucks) sales increased 3.0%. Total vehicle sales were 14.465 million units in August, at a seasonally adjusted annual rate, compared to 12.420 million in August of 2011.
  • July construction spending decreased 0.9% to $834.4 billion. Private construction decreased 1.2%, while public construction decreased 0.4%.
  • The 30-year fixed mortgage rate averaged 3.55% for the week ending September 6, down from last week when it averaged 3.59%.
  • The Institute for Supply Management’s (ISM) manufacturing survey indicated that the manufacturing sector contracted in August for the third time since July 2009; however, the overall economy grew for the 39th consecutive month. The non-manufacturing survey results indicated growth for the 32nd consecutive month.
  • Real GDP increased at an annual rate of 1.7% in the second quarter of 2012, after increasing at 2.0% in the previous quarter. In the advance estimate, released a month ago, the increase in real GDP was 1.5%.
  • Corporate profits from current production increased $10.4 billion in the second quarter, after a decrease of $53.0 billion in the previous quarter.
  • Personal income increased 0.3%, in July, while personal consumption expenditures increased 0.4%. The price index for personal consumption expenditures held steady in July, following a 0.1% increase in the previous month.
  • New orders for manufactured goods (excluding semiconductors) increased 2.8% in July, while shipments increased 2.0%.
  • The Pending Home Sales Index, a leading indicator for the housing sector, increased 2.4% to a reading of 101.7 in July. The index was 12.4% above July 2011 level.
  • The 30-year fixed mortgage rate averaged 3.59% for the week ending August 30, down from the previous week when it averaged 3.66%.
  • The advance figure for initial claims for unemployment insurance was unchanged at 374 thousand in the week ending August 25.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment increased to 74.3 in August, from 72.3 in July.
  • The FED’s “Beige Book” indicated that overall economic activity continued to expand gradually in July and early August across most regions and sectors.
  • New orders for manufactured durable goods increased 4.2% in July, following a 1.6% increase in the previous month. Shipments increased 2.6% in July, while inventories increased 0.7%.
  • July existing home sales increased 2.3% to an annualized rate of 4,470 thousand units. The July figure was 10.4% above the July 2011 figure. The median sales price of existing houses sold was $187.3 thousand, 9.4% above July 2011.
  • July new home sales increased 3.6% to an annualized rate of 372 thousand units. The July figure was 25.3% above the July 2011 figure. The median sales price of new houses sold was $224.2 thousand, 2.5% below the July 2011 figure.
  • The 30-year fixed mortgage rate averaged 3.66% for the week ending August 23, up from the previous week when it averaged 3.62%.
  • The advance figure for initial claims for unemployment insurance increased 4 thousand to 372 thousand in the week ending August 18.
  • Advance estimates of retail and food services sales for July were up 0.8% from June, and were up 4.1% from July 2011.
  • Total manufacturing and trade sales for June decreased 1.1% from while inventories increased 0.1%.
  • Total Industrial production increased 0.6% in July, following a 0.1% increase in the previous month.
  • Housing starts decreased 1.1% in July, following a 6.8% increase in the previous month.
  • The housing market index of National Association of Home Builders (NAHB) and Wells Fargo rose to 37 in August, from 35 in July.
  • The 30-year fixed mortgage rate averaged 3.62% for the week ending August 16, up from the previous week when it averaged 3.59%.
  • Treasury International Capital reported net foreign purchases of long-term securities of $5.5 billion in June, compared with net purchases of $50.9 billion in the previous month.
  • The producer price index for finished goods increased 0.3% in July, while the core index increased 0.4%.
  • The consumer price index held steady in July, while the core index increased 0.1%.
  • The advance figure for initial claims for unemployment insurance increased 2 thousand to 366 thousand in the week ending August 11.
  • The August Empire State Manufacturing Survey indicated that manufacturing activity in New York State deteriorated over the month.
  • The Philadelphia FED business outlook survey for August indicated weaker business conditions.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment increased in August.
  • The Conference Board index of leading economic indicators increased 0.4% in July, while the coincident index increased 0.3%.
  • In June international trade deficit was $42.9 billion, $5.1 billion less than the revised May figure.
  • The import price index decreased 0.6% in July, while the export price index increased 0.5%.
  • Sales of merchant wholesalers in June were down 1.4% , while inventories were down 0.2%.
  • Second quarter productivity increased 1.6% (seasonally adjusted annual rate) in the non-farm business sector, following a 0.5% decrease in the previous quarter. Productivity in the non-farm business sector increased 1.1% from the second quarter of 2011.
  • The advance figure for initial claims for unemployment insurance decreased 6 thousand to 361 thousand in the week ending August 4.
  • The federal government budget ran a deficit of $69.6 billion in July, after a deficit of $59.7 billion in the previous month. The cumulative deficit for the first ten months of the fiscal year was $973.8 billion, $126.1 billion less than the cumulative deficit during the first ten months of the previous fiscal year.
  • June consumer credit outstanding increased at an annual rate of 3.0% to $2,577.4 billion.
  • The 30-year fixed mortgage rate averaged 3.59% for the week ending August 9, up from the previous week when it averaged 3.55%.