Usa: mortgage applications increase by 18%, disappointing producer prices and retail sales

Mortgage applications in the United States jumped by 18% in the week ending 8 June. In the previous one, requests had increased by 1,3%. In particular, refinancings recorded +19,2% and the purchase index rose by 12,8%.
In the afternoon, the producer price index for the month of May was also released, which however disappointed analysts' expectations. The figure showed a drop of 1% against expectations of a drop of 0,6%. The core version, i.e. excluding the more volatile components such as food and energy, recorded an increase of 0,2% in line with the April indication and with analysts' estimates.
Disappointment also for the data on retail sales, down by 0,2% in May, while analysts had expected a drop of 0,1%. The April figure was revised downwards from +0,1% to -0,2%. Inventories increased by 0,6% in April (for a seasonally adjusted value of 483,5 billion dollars) against the 0,5% expected. Inventories of US wholesalers increased in April mainly due to the increase in inventories of automobiles, machinery and durable goods. Wholesale sales in April increased 1,1% to $415 billion