Economic Statistics for 15 Jun 12
The following statistics were released today on the state of the US economy:
The Empire State Manufacturing Survey’s General Business Conditions Index fell from 17.09 last month to 2.29. as growth slowed sharply for the month.
The Treasury’s report of international capital flows to the US shows the net inflow of long-term securities rose $25.6 billion in April. Given the situation in the Euro Zone, demand for US securities is surprisingly soft.
The Consumer Sentiment index dropped a surprisingly large 5.2 points to 74.1, a 2012 low, on weakness in both expectations and current conditions.
The Fed reports that Industrial production fell by -0.1% in May. Capacity utilization also fell to 79.0% from 79.2% in April.