Economic Statistics for 17 Apr 12
The following statistics were released today on the state of the US economy:
Housing starts fell -5.8% to a lower than expected 654k annual rate. Building permits, however, rose 4.5% to 747k annual rate.
ICSC-Goldman Store Sales fell -1.0% in the latest week, and the Y/Y rate fell to 3.2%. Redbook, meanwhile, reports a similarly weak 3% Y/Y rate.
The Fed reports that industrial production was unchanged for the month, while capacity utilization dropped -0.1% to 78.6%. Manufacturing declined by -0.2% for the month.