Economic Statistics for 2 Jul 13
Here are today’s statistics on the state of the economy:
June auto sales are coming in as the strongest in 6 years, up 4.6% to a 16M annual rate. Sales increases from various automakers: Ford, 13%; GM, 6%; Chrysler 8%; Nissan, 13%; Toyota, 9.8%; VW, 3%.
ICSC-Goldman reports a mixed retail sales picture, with weekly sales up 0.6%, but a weak 1.9% from last year. Redbook reports a moderate 2.9% year-over-year retail sales increase.
Gallup reports the July economic confidence index (ECI) averaged -8, little changed from May’s -7.
Factory orders rose 2.1% in May, largely on commercial aircraft orders, as ex-transportation orders were up 0.6%.