Economic Statistics for 14 Aug 13
Here are today’s statistics on the state of the economy:
The Atlanta Fed Business Inflation Expectations report for August indicates that businesses expect 2.0% inflation for the year ahead, up from 1.8% last month.
July producer prices were unchanged overall, with the core rate up only 0.1%. On a year over year basis, the PPI is up 2.1%, and 1.2% for the core rate.
The MBA reports that mortgage apps continue to decline, down -4.7% last week, with purchases at -5.0% and re-fis at -4.0%.