News for Prescott AZ - AmericanTowns.com

Monday, July 19, 2010

Economic Roundup: July 19, 2010

 

 


In the News

Retail sales saw a drop for June, according to advance estimates released by the Census Bureau last week. June retail sales, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $360.2 billion, the bureau said. This represented a 0.5 percent decrease from May, but was still 4.8 percent above June 2009 sales.
 
June's retail decline, the second consecutive monthly drop, was largely attributed to automotive sales, which were down 2.3 percent, and gasoline sales, which dropped 2 percent for the month.
 
"There looks to be sort of mild deceleration even into the month of July," Steven Wieting, managing director of economic and market analysis for Citigroup told the Washington Post. "All told, this is slowdown material."
 
That said, a drop in gas sales helped fuel respectable increases in some other retail categories. June enjoyed a 1.3 percent increase in electronics and appliance sales, and a 0.6 percent increase in clothing spending.
 
Meanwhile, the producer price index (PPI) for finished goods fell 0.5 percent in June, seasonally adjusted, the Bureau of Labor Statistics reported last week. June's decrease followed declines of 0.3 percent in May and 0.1 percent in April.
 
Prices paid by producers for intermediate materials, supplies and components decreased 0.9 percent in June, the first decline since July 2009, while crude goods dropped 2.4 percent.
 
Another notable drop was food prices, which fell 2.2 percent, marking the category's third straight decline. More than half of the June decrease can be attributed to prices for fresh and dry vegetables, which dropped 21.8 percent.
 
This week, watch the headlines for news on building permits (July 20) and housing starts (July 20) from the Census Bureau; initial jobless benefits claims (July 22) from the Employment and Training Administration; sales of existing homes (July 22) from the National Association of Realtors; and leading economic indicators (July 22) from the Conference Board.
 
 


Mark Ott

Loan Officer

W.J. Bradley Mortgage Capital Corp.

Office: 928-775-9330

NMLS: 189552

mark.ott@wjbradley.com

www.wjbradleyaz.com


Building a
Secure Future

 

Equal Housing Lender. 2010 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #ML.100000098; Georgia Residential Mortgage Licensee, License No. 20233; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MI First Mortgage License No. FL0011392; Mississippi Mortgage Lender License #4298/2009; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TN Mortgage Company Registration Certificate No. 3629; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-MLCO; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991..

 

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com

 

 

Post a Comment

Brad Bergamini, real estate agent on Zillow

Share Prescott Real Estate News

Bookmark and Share

Prescott Real Estate on YouTube

Loading...

Brad Bergamini's answers on Trulia Voices

PRESCOTT, Arizona area homes for sale and listings from Brad Bergamini