Industrial production rose in June

Microsoft is closing its Wilsonville Oregon facility where it builds giant touch-screen computers. The company will eliminate 61 jobs in September and another 63 in the following months. (OregonLive)

The Consumer Price Index was unchanged in June as the cost of gasoline and mobile phone services declined. In the last 12 months, the CPI is up 1.6%. (Labor Depart.)

Retail sales fell in June by 0.2%. Down for a second straight month. The number was pushed down by declines in spending at service stations, clothing stores, supermarkets, restaurants and bars and hobbies. Retail sales are up 2.8% year-on-year. (Commerce Department)

Industrial production rose in June by 0.4%. Up for a fifth straight month. Mining output which includes oil and gas increased 1.6% led coal mining and in drilling and support activities. Utilities output was unchanged. Capacity utilization, which measures how fully companies are deploying their resources, rose to 76.6% in June. (Reuters)

U.S. consumer sentiment fell to 93.1. In the July survey, a reading of current U.S. economic conditions is at 113.2. (University of Michigan)

The S&P 500 is up 2 and the NASDAQ is up 15. The MSCI international index is higher.

Oil is up 3 cents at $46.57 a barrel.

Gold is up $7 at $1234 a Troy ounce.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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Financial Focus • July 17, 2017


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