Free Markets, Free People

Economic Statistics for 16 Jul 13

Here are today’s statistics on the state of the economy:

In weekly retail sales, ICSC-Goldman reports a -1.1% weekly sales drop, with year-over-year sales up only 1.7%. Redbook reports year-over-year sales dropped from 3.8% last week to 3.0% this week.

The Consumer Price Index rose a sharp 0.5% in June, but a more moderate 0.2% ex-food and -energy. On a year-over-year basis, the CPI is up 1.8%, with the core rate up 1.6%.

Despite heavier US buying of foreign securities, net capital outflows were $-27.2 billion, the fourth consecutive capital outflow.

The Fed reports that industrial production rose 0.3% in June, while factory capacity utilization rose 0.2% to 77.8%.

The Housing Market Index continues a bubble-like surge, rising 5 points to 57 in July, the highest since 2006. The index has jumped 16 points since April, and the reason for the sharp rise is not clear.

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Dale Franks
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2 Responses to Economic Statistics for 16 Jul 13

  • “Despite heavier US buying of foreign securities, net capital outflows were $-27.2 billion, the fourth consecutive capital outflow.”
    Is there an error in this sentence? If US heavily bought foreign securities that would explain a net capital outflow not “despite” no?