Economic Statistics for 9 May 13
Here are today’s statistics on the state of the economy:
Chain stores are reporting April sales that are at the high end of guidance, and with stronger year-on-year sales growth rates than in March.
The Bloomberg Consumer Comfort Index fell slightly to -29.5, but remains at the highest level since early 2008.
Wholesale inventories rose 0.4% in March, while a 1.6% plunge in sales drove the stock-to-sales ratio to a recovery high of 1.21.
Jobless claims fell 4,000 to 323,000, and the 4-week average fell 6,250 to 336,750. Continuing claims fell 27,000 to 3.005 million.