Economic data roundup in charts
UK unemployment data was better than expected with the unemployment rate falling to 8%. The level of employment has also been rising fast and as this chart shows runs counter to the GDP data which has the UK in recession.
The NY Fed Empire manufacturing survey was weaker than expected, showing factory activity in New York state contracted in August for the first time since October 2011.
U.S. consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, however the capacity utilization rate continued to rise.
U.S. industrial production rose 0.6% in June – as this chart shows the divergence with the euro zone continues to grow wider.
U.S. home builders are getting more confident as shown by the NAHB index, will this follow through into a pickup in new home sales?