Weekly Economic Update November 17-21, 2014

Nov 24 2014

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: Industrial production ticked down 0.1% in October. The producer price index for final demand rose 0.2% in October. Housing starts declines 2.8% to a 1.009 million unit pace. Building permits increased 4.8% in October to a 1.080 million unit pace. The consumer price index was flat for October. Existing home sales increased 1.5% in October to a pace of 5.260 million units. Initial jobless claims fell 2,000 to 291,000 for the week ended 11/15.

  • Industrial production ticked down 0.1% in October. Capacity utilization was down to 78.9% and manufacturing was up 0.2%.
  • The producer price index for final demand rose 0.2% in October. The headline index was up 1.5% from a year ago. Less food & energy the index was up 0.4% (1.7% from a year ago).
  • Housing starts declined 2.8% to a 1.009 million unit pace. The pace was up 7.8% from a year ago.
  • Building permits increased 4.8% in October to a 1.080 million unit pace. The pace was up 1.2% from a year ago.
  • The consumer price index was flat for October. The index was up 1.7% from a year ago, and the core CPI was up 0.2% (1.8% from a year ago).
  • Existing home sales increased 1.5% in October to a pace of 5.260 million units. Sales were up 2.5% from a year ago. The median price ticked down 0.4% over the month, but is up 5.5% from a year ago.

Initial jobless claims fell 2,000 to 291,000 for the week ended November 15th.

MPRJ 11.24.14WJC 11.24.14

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