Economic Statistics for 12 Apr 13
Here are today’s statistics on the state of the economy:
Falling gas prices sent Producer Prices down by -0.6% in March, the though the core PPI rate rose 0.2%. On a year over year basis, the PPI is up 1.1%, and the core PPI is up 1.7%.
Retail sales fell a disappointing -0.4% in March. Sales were also down -0.4% ex-autos, and down -0.1% ex-autos and gas.
The Reuter’s/University of Michigan’s consumer sentiment index fell 6.7 points in the first April reading to 72.3.
Business inventories were steady in February, rising only 0.1%. A 1.2% increase in sales drove down the stock-to-sales ratio to a lean 1.28.