Free Markets, Free People
Economic Statistics for 16 Oct 12
The following US economic statistics were announced today:
The Consumer Price Index rose 0.6%. The core rate, ex-food and –energy, rose 0.1%. On a yearly basis, the CPI rose 2.0%, and the core CPI also rose 2.0%.
Net capital inflows to the US were $90 billion in August, with strong demand for corporate bonds among foreign buyers.
US industrial production rose 0.4%, while capacity utilization rose o.1% to 78.3%. Manufacturing production only rose a sluggish 0.2%, which means it’s no longer providing much impetus for recovery.
The housing market index rose 1 point to 41, thanks to record low mortgage rates and rising consumer confidence.
In weekly retail sales, Redbook reports a soft year-over-year sales increase of 1.8%. ICSC-Goldman reports sales were unchanged in the latest week, and up 2.7% on a year-over-year basis, also a fairly soft number, though it’s been steady for the last month.