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Economic Statistics for 15 Aug 13

The following US economic statistics were announced in today’s heavy round of releases:

The CPI rose 0.2% in July, at both the headline and core levels. On a year over year basis, consumer prices are up 2.0% overall and 1.7% at the core.

Initial jobless claims fell 15,000 to a recovery low 320,000 last week. The 4-week average fell 4,000 to 332,000. Continuing claims fell 38,000 to 2.987 million. All signs are pointing to a good employment picture for August.

The Empire State manufacturing index in August fell nearly a point to 8.24.

Net purchases of long-term US securities in August were $-66.9 billion vice a revised $-27.0 billion in July, as foreign investors sold &77.8 billion in US securities.

The Fed reports that Industrial Production was unchanged in July, while capacity utilization in the nation’s factories fell 0.2% to 77.6%. Manufacturing fell -0.1%.

The Bloomberg Consumer Comfort Index fell 3 points to -26.6 in the latest week.

The NAHB Housing Market Index continues to rise, up another 2 points to 59 for August, a seven-year high.

The Philadelphia Fed’s Business Outlook fell 10 points to 9.3 in August.

E-Commerce sales rose 4.9% in the 2nd Quarter of 2013. Year-over-year sales are up a very strong 18.4%.

The fed reports that M2 money supply grew by $21.9 billion last week.

The Fed’s balance sheet rose by $61.0 billion last week, bringing total Fed assets to $3.646 trillion.

Dale Franks
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