Weekly Economic Update: January 14-18, 2013

Jan 22 2013

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Industrial production was up 0.3% in December. Retail sales rose 0.5% in December. The topline PPI fell 0.2% in December as the topline CPI was unchanged. Housing starts increased 12.1% in December as building permits were flat. Business inventories rose 0.3% in November. Initial jobless claims fell 37,000 to 335,000 for the week ended 1/12.

• Industrial production edged up 0.3% in December.

• Retail sales increased 0.5% in December. Excluding autos, sales were up 0.3%.

• The topline producer price index fell 0.2% in December. The core PPI increased 0.1%.

• The topline consumer price index was unchanged in December. The core CPI increased 0.1%.

• Housing starts shot up by a greater-than-expected 12.1% in December, to an annual pace of 954,000 units.

• Building permits were essentially flat in December at an annual pace of 900,000 units.

• Business inventories increased 0.3% in November.

• Initial jobless claims unexpectedly dropped 37,000 to a level of 335,000 for the week ended January 12th.

 

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