Free Markets, Free People

Economic Statistics for 15 Sep 16

Producer Prices for Final Demand were unchanged in August. PPI-FD ex-food and-energy rose 0.1% and less trade services rose 0.3%. On a year-over-year basis, PPI-FD is unchanged, prices less food and energy are up 1.0%, and prices less food, energy, and trade services are up 1.2%.

August retail sales fell -0.3% as consumers pulled back. Sales less autos, and sales less autos and gas, were both down -0.1%.

The nation’s current account deficit narrowed in the 2nd Quarter to $-119.9 billion from a revised $-131.8 billion in the 1st Quarter.

The Philadelphia Fed Business Outlook Survey rose from 2.0 to 12.8 in September.

The Empire State Manufacturing Survey rose from -4.21 to -1.99 in September.

Industrial Production fell -0.4% in August, while capacity utilization in the nation’s factories also fell -0.4% to 75.5%.

Business Inventories were unchanged in July while sales fell -0.2%. The stock-to-sales ratio was unchanged at 1.39.

Initial weekly jobless claims rose 1,000 to 260,000. The 4-week average fell 500 to 260,750. Continuing claims were unchanged at 2.143 million.

The Bloomberg Consumer Comfort Index fell -1.8 points to 42.2 in the latest week.

The Fed’s balance sheet rose $22.2 billion last week, with total assets of $4.482 trillion. Reserve bank credit fell $-22.4 billion.

The Fed reports that M2 money supply fell by $-8.0 billion in the latest week.

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