經濟數據分析 09年 第38周 - 09/18/09

USA
Overall

• Aug CPI up to +0.4% from +0.0% in Jul (better than expect +0.3%)
• Aug core CPI flat at +0.1% from +0.1% in Jul (inline, +0.1%)
• Aug PPI up to +1.7% from -0.9% in Jul (better, +0.8%)
• Aug core PPI up to +0.2% from -0.1% in Jul (better, +0.1%)
• Aug capacity utilization up to 69.6% from 69.0% in Jul (better, 69%)

Consumer market

• Aug retail sales up to +2.7% from -0.2% in Jul (better, +1.9%) thanks to the Cash for Cruger program
• Aug retail sales ex-auto up to +1.1% from -0.5% in Jul (better, +0.4%) also very strong
• Jul business inventories up to -1.0% from -1.4% in Jun (expect, -0.9%) inventories keep dropping to a point i think further down may not be health, it should start stablize of heading up if we are looking for a economic recovery
• Aug industrial production down to +0.8% from +1.0% in Jul (better, +0.6%)

House market

• Aug housing starts up to 598k from 589k in Jul (inline, 598k)
• Aug building permits up to 579k from 564k in Jul (worse, 583k)

Job market

• 09/12 initial jobless claims down to 545k from 557k last week (better, 557k)
• 09/05 continuing jobless claims up to 6,230k from 6,101k last week (worse, 6,100k)
• As we all know the employment market will continue to struggle for a while