Weekly Economic Update: October 17-21, 2011
Industrial production increased 0.2% in September. The topline CPI rose 0.3% in September while the core CPI increased 0.1%. The topline PPI rose 0.8% in September while the core PPI was up 0.2%. Housing starts jumped 15% in September as building permits declined 5.0% and existing home sales fell 3.0%. Initial jobless claims fell 6,000 to a level of 403,000 for the week ended 10/15.
- Industrial production increased 0.2% in September.
- The topline consumer price index increased 0.3% in September while the core CPI rose 0.1%. The annual increase in the CPI for fiscal year 2011 was 3.9%.
- The topline producer price index jumped up 0.8% in September while the core PPI rose 0.2%. The annual increase in the PPI for fiscal year 2011 was 6.9%.
- Housing starts surprised on the upside with a 15% increase in September, to an annual pace of 658,000 units.
- Building permits unexpectedly declined 5.0% to an annual pace of 594,000 units in September.
- Existing home sales declined 3.0% to an annual pace of 4.91 million units in September.
- Initial jobless claims fell 6,000 to 403,000 for the week ended October 15th.