Weekly Economic Update: Sept. 13-17, 2010
Overview: Industrial production rose 0.2% in August. The topline CPI increased 0.3%; the core CPI was unchanged. The topline PPI increased 0.4% in August; the core PPI rose 0.1%. Retail sales rose 0.4% in August. The Treasury recorded a deficit of $90.5 billion in August. Business inventories rose 1.0% in July. Initial jobless claims fell by 3,000 to a level of 450,000 for the week ended 9/11.
Industrial production rose 0.2% in August.
The topline consumer price index was up 0.3% in August; the core CPI was unchanged.
The topline producer price index increased 0.4% in August; the core PPI rose 0.1%.
Retail sales rose 0.4% in August; excluding autos, sales were up by a greater-than-expected 0.6%. Consumers increased purchases at department, clothing, and sporting goods stores while sales of bigger-ticket items such as furniture and electronics fell.
The Treasury recorded a smaller-than-expected deficit of $90.5 billion in August.
Business inventories rose 1.0% in July.
Initial jobless claims fell by 3,000 to 450,000 for the week ended September 11th.