Consumer Price Index Little Changed In July

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in July on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.0%.

The core CPI, which excludes food and energy, also increased 0.1% in July and is up 1.9% year over year.

Consumer Price Index Change

Consumer Price Index

The All Food index increased 0.4% in July and is up 2.5% from a year ago. The All Energy index decreased 0.3% and is up 2.6% from a year ago.

CPI Table

Industrial Production Increases 0.4% In July

U.S. industrial production increased 0.4% in July after having increased 0.4% in June. At 104.4% of its 2007 average, total industrial production in July was 5.0% above its level of a year earlier.

Industrial Production

Industrial Production Change

The output of manufacturing increased 1.0% in July, the output of mines increased 0.3%, and the output of utilities decreased 3.4%.

Capacity utilization for total industry increased in July to 79.2%. That is 0.9% below its long-run (1972–2013) average.

Capacity Utilization

Full table from the release:

IP Table

Weekly Initial Jobless Claims Increase To 311k

Initial jobless claims for the week ending August 9 were a seasonally adjusted 311k, up from the prior week’s revised reading of 290k. Not seasonally adjusted, jobless claims for the week were 269k.

Jobless Claims

The 4-week moving average of initial jobless claims is 296k. This is nearing historic lows.

Jobless Claims 4W

The insured unemployment rate was 1.9%, unchanged from the week prior.

Insured Unemployment

The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.544 million, up from the previous week’s revised reading of 2.519 million.

Unemployment Insurance

Individual states that had changes in claims of more than 1k (not seasonally adjusted):

States

Jobless claims and the unemployment rate:

Labor Market

Distributive Trade Sales And Manufacturers’ Shipments Increase 0.3% In June

The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1.3467 trillion. That is up 0.3% from May and up 4.7% from a year ago.

Manufacturers’ and trade inventories were estimated at an end-of-month level of $1.7431 trillion. That is up 0.4% from May and up 5.8% from a year ago.

Trade Sales Monthly

Trade Sales Annual

Trade Sales Total

The total business inventories-to-sales ratio based on seasonally adjusted data at the end of June  was 1.294, unchanged from May. The June 2013 ratio was 1.281.

Trade Sales Inventory