The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 10/17/12

Wednesday, October 17, 2012

BuilderBytes' MetroIntelligence Economic Update for 10/17/12

Please click here to see the edition of BuilderBytes for 10/17/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Builder confidence inches up by one point to 41 in October
  • Retail sales rose by 1.1% from August and by 5.4% since September 2011
  • CPI rose by 0.6% in September (mostly due to higher gas prices); core prices rose by 0.1%
  • Industrial production rose by 0.4% in September; capacity utilization rose by 0.3%
  • Empire State Manufacturing Survey declines again in October but 6-month outlook remains positive
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