Economic news - August 15, 2008

Treasury International Capital - June 2008

Foreign purchases of Long Term US Securities: $62.7 billion
Official purchases: $14.9 billion
Private purchases: $47.8 billion

Empire State Manufacturing Survey - August 2008

Business Conditions Index: 2.8
Monthly Change: Up 7.7

Industrial Production - July 2008

Industrial Production Index: 111.8
Monthly Change: Up 0.2%
Long Run Average Capacity Utilization: 81%

Financial Roadmap: The Week Ahead August 18 to 22, 2008

With the CPI (Consumer Price Index) figures released Thursday
showing fairly strong inflation at the retail level, the PPI figure may
be the most important stat of the week.

For stock and bond market investors, the State Street Index is
important, but the larger macro indicators are more likely to move the
market on the day.

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Dollar's Rise Could Damp Inflation

The dollar marched higher again, continuing a development that could ease
inflationary pressures but also could slow an export boom. The rally is
a sign of weakness in other economies and closely tied to declines in
commodity prices.

Industrial Output Growth Slows

U.S. industrial production slowed in July to 0.2% growth, pulled back by a
drop in output at utilities as the weather turned fairer.

U.S. Consumer Confidence Increases on Fuel; New York Manufacturing Expands

Confidence among American consumers gained in August and manufacturing in New York grew the most
since January as a slide in gasoline, oil, metals and grain prices eased cost pressures on households and companies.

Mexico Raises Key Rate for Third Month, Signals Easing of Price Pressures

Mexico's central bank increased its benchmark interest rate for the third straight month while
signaling that easing commodity prices and slower economic growth may reduce the need for further tightening.

1-Peru's economy grows 11.52 pct in June

Peru's economy, one of the fastest
growing in the world, expanded 11.52 percent in June from the
same month a year ago, official data showed on Friday, pushed
by booming domestic demand and construction sector strength.

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