Free Markets, Free People

Economic Statistics for 16 Aug 16

Consumer prices were unchanged in July, though prices less food and energy, the so-called “core rate”, rose 0.1%. On a year-over-year basis, the CPI is up 0.8% overall, and 2.2% at the core.

Housing starts rose a strong 2.1% to an annualized 1.211 million rate in July. Permits were weaker, at a 1.152 million rate.

The Fed reports that industrial production to 0.7% in July, while capacity utilization in the nation’s factories rose 0.5% to 75.9%.

E-commerce retail sales rose 4.5% in the 2nd Quarter, and are up 15.8% on a year-over-year basis.

Redbook reports that last week’s retail sales growth fell to a very weak 0.2% on a year-ago basis, from the previous week’s 0.5%.

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