Economic Statistics for 15 May 13
Here are today’s statistics on the state of the economy:
The MBA reports that mortgage applications fell a sharp -7.3%. Purchases fell -4.0% while re-fis fell -8.0%.
The Producer Price Index fell -0.7% in April, but the core rate—less food and energy—rose 0.1%. On a year-over year basis, the PPI 0.1% while the care rate rose 1.7%.
The Empire State Manufacturing Survey fell more than 4 points to -1.43 in April.
The Treasury reports that the net outflow of capital from the US was $-13.5 billion in March. Foreign accounts bought a net $15.3 billion of US securities, while US accounts bought $28.8 billion of foreign securities.
The Fed reports that Industrial Production fell -0.5% in April, as capacity utilization in the nation’s factories fell to 77.8%.
The Housing Market Index rose 2 points to 44 in May.
E-Commerce sales rose 2.7% in the 1st Quarter of 2013, down from 4.4% in the 4th Quarter of 2012.