Thursday, October 16, 2008

Quick Overview

  • U.S. consumer price index unchanged in September -- up 4.9 YoY. Excluding food and energy prices rose 0.1% -- up 2.5% YoY.

  • U.S. industrial production fell 2.8% in September

  • U.S. Capacity utilization fell from 78.7% to 76.4%.

  • The Philadelphia regional index of manufacturing fell from +3.8 to -37.5

  • Canada’s manufacturing sales fell 3.7% in August.

  • The U.S. Department of Energy said:
    Supplies of crude oil rose 5.6 million barrels to 308.2 million barrels.
    Supplies of gasoline rose 7.0 million barrels
    Supplies of heating oil fell 200,000 barrels.
    Refinery use rose 80.9% to 82.2% last week.
    Gasoline demand fell 5.2% YoY
    Distillate demand fell 6.9% YoY.

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