Economic Data for Tuesday, August 17th, 1999
CPI for July = +0.3%
Core rate = +0.2%
stats.bls.gov
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3
percent in July, before seasonal adjustment, to a level of 166.7 (1982- 84=100), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. For the 12-month period ended in July, the CPI-U increased 2.1 percent.
Housing Starts for July = +5.7% to 1.66m units
census.gov
Privately owned housing starts in July were at a seasonally adjusted annual rate of 1,661,000, according to estimates reported today by the U.S. Commerce Department's Bureau of the Census. This is 6 (+/-6) percent above the revised June rate of 1,571,000, but 3 (+/-7) percent below the July 1998 rate of 1,719,000.
Industrial Production for July = +0.7%
Capacity Utilization = +0.4% to 80.7%
bog.frb.fed.us
stls.frb.org
Industrial production, which had risen only 0.2 percent in May and 0.1 percent in June, increased 0.7 percent in July. Because of high temperatures and the heavy use of air conditioning, electric utility output rose more than 3 percent; manufacturing output increased 0.6 percent, and mining output, 0.8 percent. At 135.1 percent of its 1992 average, industrial production in July was 3.6 percent higher than in July 1998. The rate of capacity utilization for total industry rose 0.4 percentage point, to 80.7 percent, 1.4 percentage points below its 1967-98 average. |
