Free Markets, Free People

Economic Statistics for 17 Nov 15

The Empire State Manufacturing Survey improved a bit, but still stayed deeply negative at -10.74 in November.

The Consumer Price Index rose 0.2% at both the headline and core rate in October. On a year-over-year basis, the CPI is up 0.2% overall, but 1.9% less food and energy.

The Fed reports industrial production fell -0.2% in October, while capacity utilization in the nation’s factories was unchanged at 77.5%. The production drop is misleading, since it includes big drops in mining and utilities. Manufacturing actually rose 0.4%.

The NAHB’s Housing Market index declined -2 points to 62 in November, signaling some weakness in home construction.

Growth in e-commerce sales remained strong in the 3rd quarter of 2015, up 4.2%.

Net foreign demand for US long-term securities rose to $33.6 billion in September vs a revised $20.8 billion in August.

Redbook reports that last week’s retail sales rose very slightly to a weak 1.2% on a year-ago basis, from the previous week’s 1.1%.


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