Weekly Economic Update: October 11-15

Oct 18 2010

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Overview:  Retail sales rose 0.6% in September; the topline CPI edged up 0.1% in September; the core CPI was unchanged.  The topline PPI rose 0.4% in September; the core PPI increased 0.1%.  The trade deficit widened 8.7% to $46.3 billion in August.  Business inventories rose 0.6% in August.  The Treasury recorded a deficit of $34.5 billion in September.  Initial jobless claims rose by 13,000 to a level of 462,000 for the week ended 10/9. 

 

Retail sales rose 0.6% in September; excluding autos, sales were up 0.4%.

The topline consumer price index rose 0.1% in September; the core CPI was unchanged.

The topline producer price index rose 0.4% in September; the core PPI rose 0.1%.

The U.S. trade deficit unexpectedly widened by $3.7 billion (8.7%) to $46.3 billion in August.

Business inventories rose 0.6% in August.

The U.S. Treasury recorded a deficit of $34.5 billion in September.

Initial jobless claims rose by 13,000 to 462,000 for the week ended October 9th.  

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