Economic Statistics for 15 Jul 13
Here are today’s statistics on the state of the economy:
June retail sales were disappointing, with a 0.4% increase overall, but no increase ex-autos, and a -0.1% drop when gas and autos are excluded.
The Empire State Manufacturing Survey rose from 7.84 to 9.46 in July, as NY manufacturing activity continued to pick up.
Business inventories grew a slight 0.1% in May, but the stock to sales ratio fell to 1.29. Inventory growth has now been flat for two years.