Weekly Economic Update: July 15-19, 2013

Jul 22 2013

Associated Image

Retail sales increased a slower-than-expected 0.4% in June. Business inventories rose 0.1% in May. The topline consumer price index rose 0.5% in June while the core rose 0.2%. Industrial production increased 0.3% in June. Housing starts fell 9.9% to a lower-than-expected annualized 0.836 million units in June. Building permits fell 7.5% in June to an annualized pace of 0.911 million units. Initial jobless claims fell 24,000 to 334,000 for the week ended 7/13.

• Retail sales increased a slower-than-expected 0.4% in June. Excluding autos, retail sales were unchanged, but excluding both autos and gasoline, sales were down 0.1%.

• Business inventories rose 0.1% in May.

• The topline consumer price index rose 0.5% in June while the core rose 0.2%.

• Industrial production increased 0.3% in June.

• Housing starts fell 9.9% to a lower-than-expected annualized 0.836 million units in June. The June starts level was the lowest since August 2012.

• Building permits fell 7.5% in June to an annualized pace of 0.911 million units.

• Initial jobless claims fell 24,000 to a level of 334,000 for the week ended July 13th.

 

Bookmark and Share