Free Markets, Free People

Economic Statistics for 3 Apr 12

The following statistics were released today on the state of the US economy:

Factory orders bounced back from a -1.1% decline in January with a 1.3% increase in February.

ICSC-Goldman Store Sales did well last week, with a 3.8% rise for the week, which is a 4.2% from last year. Redbook also reports a strong 4.6% year-on-year same-store sales increase.

Auto sales are due out, with the figures released throughout the day.

UPDATE: The Big 3 have reported Auto sales so far today. Overall Sales for GM were up 14.2% in march from the same period in 2011. Chrysler reports a 34% increase from last year, for its best monthly sales in 4 years. Ford’s sales gain was a much more modest 5%, but was still the best monthly sales rate since 2007, and suffers from the comparison to Mar, 2011, when Ford led all US auto sales for the first time in 13 years.

Also reporting in are Nissan, reporting their best sales ever, and Toyota, reporting the best sales since March 2008.

Dodge also announced that the reborn Dart will be hitting sales floors this June. I suspect the new Dart, which will take up a spot in the small-car lineup, will be somewhat less performance-based than the 318ci V-8 powered ’71 Dart I had as a High School Senior.

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Dale Franks
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