Weekly Economic Update: October 7-11, 2013

Oct 15 2013

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Due to the government shutdown, the following releases are delayed: international trade, the Treasury budget, business inventories, retail sales, and the producer price index. Consumer credit increased $13.63 billion (0.5%) to $3.037 trillion in August. Initial jobless claims spiked 66,000 to 374,000 for the week ended 10/5.

• Due to the government shutdown, the following releases are delayed: international trade, the Treasury budget, business inventories, retail sales, and the producer price index.

• Consumer credit increased $13.63 billion (0.5%) to $3.037 trillion in August. Revolving credit fell 0.1% while non-revolving credit increased 0.67%.

• Initial jobless claims spiked 66,000 to 374,000 for the week ended October 5th. This reading is related to continued counting problems in California and only partially related (about 15,000 claims from non-Federal workers, including contractors) to the government shutdown.

 

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