Weekly Economic Update: November 18-22, 2013

Nov 25 2013

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The consumer price index edged down 0.1% in October while the core CPI increased 0.1%. The producer price index edged down 0.2% in October while the core PPI increased 0.2%. Retail sales increased by 0.4% in October. Business inventories rose a more-than-expected 0.6% for September. Existing home sales are down 3.2% in October to an annualized rate of 5.12 million units. Initial jobless claims fell a sharp 21,000 to 323,000 for the week ended 11/16.

• The consumer price index edged down 0.1% in October while the core CPI increased 0.1%.

• The producer price index edged down 0.2% in October while the core PPI increased 0.2%.

• Retail sales increased by 0.4% in October. The consensus was for no change in October, which was also September’s reading.

• Business inventories rose a more-than-expected 0.6% for September.

• Existing home sales are down 3.2% in October to an annualized rate of 5.12 million units.

• Initial jobless claims fell a sharp 21,000 to 323,000 for the week ended November 16th.

 

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