Weekly Economic Update: March 11-15, 2013

Mar 19 2013

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The Treasury reported a $203.5 billion budget deficit for February. Retail sales increased 1.1% in February. Business inventories increased 1.0% in January. The topline PPI increased 0.7% in February. The topline CPI rose 0.7% in February. Industrial production rose 0.7% in February. Initial jobless claims declined 10,000 to 332,000 for the week ended 3/9.

• The Treasury reported a budget deficit for February totaling $203.5 billion.

• Retail sales increased 1.1% in February. Excluding autos, retail sales increased 1.0%.

• Business inventories increased 1.0% in January.

• The topline producer price index increased 0.7% in February. The core PPI increased 0.2%.

• The topline consumer price index increased 0.7% in February. The core CPI increased 0.2%.

• Industrial production increased 0.7% in February.

• Initial jobless claims declined 10,000 to a level of 332,000 for the week ended March 9th.

 

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