Free Markets, Free People
Economic Statistics for 20 Feb 13
Here are today’s statistics on the state of the economy:
Producer prices rose 0.2% in January, at both the headline and core level. Year over year, the PPI rose 1.4% and was up 1.8% ex-food and energy.
The MBA reports mortgage applications fell again, down -1.7% with both purchases and re-fis down -2.0%.
Housing starts were less than expected at a 0.89 million annual rate in January. Permits, however, rose to a 0.925 million annual rate.
ICSC-Goldman reports retail sales rose 2.7% from last week, and only 1.8% from last year. Redbook, however, reports a 3.1% annual increase.