Free Markets, Free People

Economic Statistics for 15 Jul 15

Producer Prices for Final Demand rose 0.4% in June, with the core rising 0.3%. On a year-over-year basis, PPI-FD is down -0.7%, but up 0.8% less food and energy. Overall PPI-FD results:

PPI-FD – M/M: 0.4%
PPI-FD less food & energy – M/M: 0.3%
PPI-FD less food, energy & trade services – M/M: 0.3%
PPI-FD Goods – M/M: 0.7%
PPI-FD Services – M/M: 0.3%PPI-FD – Y/Y: -0.7%

PPI-FD – Y/Y: -0.7%
PPI-FD less food & energy – Y/Y: 0.8% 
PPI-FD less food, energy & trade services – Y/Y: 0.7%
PPI-FD Goods – Y/Y: -3.7%
PPI-FD Services – Y/Y: 0.8%

The Fed reports that June industrial production rose 0.3%, as did capacity utilization in the nations factories, rising to 78.4%.

Today’s Beige Book from the Fed reports that 10 of 12 Fed districts are reporting only moderate to modest growth.

The Atlanta Fed Business Inflation Expectations survey shows inflation expectations rose 0.1% in July to 2.0%.

The Empire State Manufacturing index rose from -1.98 to 3.86 in July, but the new orders component is still dragging at -3.50.

The MBA reports that mortgage applications fell -1.9% last week, with purchases down -8.0%, but refis up 4.0%.


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PPI-FD Goods – Y/Y: -3.7%

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