Economic Statistics for 16 Mar 12
The following statistics were released today on the state of the US economy:
Overall consumer prices rose sharply last month, with the CPI up 0.4%. The "core" rate, ex-food and -energy, was up 0.1%. Energy prices jumped by 3.2% in the month.
Due to weakness in mining and utilities, Industrial production is unchanged from last month. Capacity utilization rose 0.2% to 78.7%. Despite the disapointing production figure, manufacturing rose 0.3% for the month.
The Reuters/University of Michigan’s consumer sentiment index fell 1 point to 74.3, as consumers responded to rising energy prices.