Full text of U.S. Financial Data : July 20, 2000
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July 20, 2000 USFinancialData THE WEEK’S HIGHLIGHTS: ■ After increasing at a 0.4 percent annual rate from March to May, the consumer price index (CPI) rose at a 7.2 percent rate in June. Consumer prices rose at a 3.6 percent rate during the first quarter, modestly slower than the 4 percent rate of gain seen during the first quarter. Measured from four quarters earlier, the CPI is up 3.2 percent. ■ The producer price index (PPI) advanced at a 7.2 percent annual rate in June, and it is up at a 4.8 percent rate year-to-date. For the 12 months ending in December 1999, by contrast, the PPI rose 2.9 percent, which was the largest increase since 1990. ■ According to the advance report, the nominal value of retail sales increased $1.4 billion in June, or 0.5 percent. Retail sales rose at a 2.7 percent annual rate during the first quarter, appreciably slower than the 13.5 percent rate seen during the first quarter. ■ The U.S. goods and services trade deficit totaled $31 billion in May, up $0.5 billion (in absolute terms) from April’s deficit. After falling 0.2 percent in April, U.S. exports fell an additional 1 percent in May. Likewise, imports fell 0.3 percent in May after declining 0.2 percent in April. ■ The index of industrial production rose 0.2 percent in June, or 2.5 percent at an annual rate. Bolstered by relatively large gains in April and May, however, industrial production grew at a 7 percent rate during the second quarter, the largest increase in four years. All data are seasonally adjusted unless otherwise indicated. U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing list, please call (314) 444-8808 or (314) 444-8809. Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic bulletin board at (314) 621-1824 or internet World Wide Web server at www.stls.frb.org/fred.