Free Markets, Free People

Economic Statistics for 14 Sep 11

Today’s statistical releases:

Producer prices were restrained last month, with the overall PPI remaining unchanged, and the core rate rising only 0.1%.

Retail sales were weaker than expected, with the month-over-month sales rate increase in August unchanged from July. Less autos, the change was only a 0.1% increase.

Business inventories rose only 0.4% in July against a 0.7% rise for business sales.

MBA Purchase Applications for the September 9 week rose by 6.3%, the first overall increase in several weeks.

Dale Franks
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3 Responses to Economic Statistics for 14 Sep 11

  • On Wednesday he added, “But if you love me you’ve got to help me pass this bill.”
    The Obama administration isn’t holding back in its full court campaign to pass the American Jobs Act.

  • Q: What was the poverty rate in 1966, just as all the Great Society programs began to crank up?
    A: About 15 percent.
    Q. What was the poverty rate in 2010?
    A. About 15 percent.
    After 45 years of fighting with no exit strategy, the “War On Poverty,” is a quagmire.

  • LOS ANGELES (AP) — Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures.
    The number of U.S. homes that received an initial default notice – the first step in the foreclosure process – jumped 33 percent in August from July, foreclosure listing firm RealtyTrac Inc. said Thursday.