Economic Statistics for 16 Apr 13
Here are today’s statistics on the state of the economy:
The Fed reports that industrial production rose 0.4% in March, while capacity utilization at the nation’s factories rose slightly to 78.5%.
Housing starts were unexpectedly strong in March, up 7.0% to a 1.036million annual rate, however, all the strength was in multi-family units. Building permits fell -3.9% to a 0.902 million annual rate, well below expectations.
The Consumer Price index fell -0.2%, while the core rate, ex-food and -energy, rose 0.1%. On a year-over-year basis the CPI is up 1.5% and the core CPI is up 1.9%.
In weekly retail sales, Redbook’s year-on-year sales growth rate fell to 2.0%, while ICSC-Goldman sales fell -1.1% this week, and are up only 2.0% year-on-year.