News for Prescott AZ - AmericanTowns.com

Monday, October 18, 2010

Economic Roundup: October 18, 2010

 

 

https://www.wjbradley.com/email/portal-email/images/Wjb_Logo.gif


In the News

Producer prices continued their upward trend in September, the Bureau of Labor Statistics reported last week. The Bureau's producer price index (PPI) for finished goods increased 0.4 percent in September, seasonally adjusted, mirroring August's 0.4 percent increase.
 
Similarly the PPI for intermediate materials, supplies and components increased 0.5 percent thanks to a broad-based increase in prices for various items. For instance, prices for foods and feeds climbed 2.1 percent and prices for energy advanced 0.7 percent.
 
However, the PPI for crude materials requiring further processing dropped 0.5 percent, countering a three-month rise. The Bureau chalked up September's decrease to the index for crude energy materials, which fell by a sizable 8.8 percent.
 
The PPI increase for finished goods beat out economists' expectations of a slight 0.1 percent rise, which should certainly nix any concerns of a deflation. But any concerns over inflation due to the increase would be unjustified, according to Mesirow Financial's chief economist Adolfo Laurenti.
 
"Food prices are high, but the index is relatively stable in its core component," Laurenti told Northwestern University's Medill Reports. "It's not enough of a change to convince the Federal Reserve there is any uptick in inflation."
 
Meanwhile, the trade balance remained at a deficit for August, with total exports at $153.9 billion and total imports of $200.2 billion for the month, according the Census Bureau's latest figures released last week. This put the goods and services deficit at $46.3 billion, up from July's $42.6 billion.
 
The increase in the deficit was thanks to our largest trading partner, China, which had a record trade gap with the United States for the month. China accounted for more than half of August's $46.3 billion gap. This can be chalked up to the weaker yuan, which makes Chinese products cheaper in the U.S. and other overseas markets.
 
On the bright side, while the trade gap widened, exports ceased their slide in August, totaling $153.9 billion, up 0.3 percent from July.
 
This week's financial headlines kick off today with the latest NAHB/Wells Fargo Housing Market Index (HMI) figures for October, which provide a gauge of recent home sales, as well as indications of future home construction.
 
This is followed Tuesday by the Census Bureau's data on housing starts and building permits, which provide information on how much new construction was started and how much more construction was approved — another good measure of the housing market.
 
The Conference Board rounds out the week with its latest report of leading indicators, a compendium of previously announced data on new orders, jobless claims, money supply, average workweek, building permits and stock prices to provide a broader picture of where the economy is headed.
 
 

https://store.velma.com/PFWeb/OutputHTML/D-0EAF0944/0000001_output/Images/aef143d5-ae34-4dcb-8da2-9763b5c204b0_EmailPersonalPhoto.jpg
https://www.wjbradley.com/email/forVelma/spacer.gif

Mark Ott

Loan Officer

W.J. Bradley Mortgage Capital Corp.

Office: 928-775-9330

NMLS: 189552

License: BK-0903998

Contact Me

My Website

https://www.wjbradley.com/email/portal-email/images/spacer.gif

 

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; 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; 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 or http://everythingprescott.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