Economic Statistics for 14-15 Aug 13
I missed yesterday’s stats, since I was building the new site. So, let’s catch up.
The MBA reports that mortgage applications fell -2.7% last week. Purchases were down -1.0% and re-fis fell -4.0%.
July retail sales were unchanged in July. retail sales less autos, and retail sales less autos and gas both rose 0.1%.
The Atlanta Fed’s Business Inflation Expectations survey for July reports businesses expect unit costs to rise 2.0% in the next 12 months.
June business inventories rose 0.4%, but a weaker 0.3% sales increase left the stock-to-sales ratio unchanged at 1.29.
Weekly initial jobless claims rose 21,000 to 311,000. The 4-week average rose 2,250 to 295,750. Continuing claims rose 25,000 to 2.544 million.
Import prices fell -0.2% in July, while export prices were unchanged. On a year-over-year basis, import prices rose 1.0% while export prices rose 0.4%.
The Bloomberg Consumer Comfort Index rose for the first time in three weeks, up 0.6 points to 36.8 in the latest week.
The Fed’s balance sheet rose $21.8 billion last week, with total assets of $4.432 trillion. Total reserve bank credit rose by $11.5 billion.
The Fed reports that M2 money supply shrank by $-34.4 billion in the latest week.