Economic Statistics for 6 Aug 13
Here are today’s statistics on the state of the economy:
America’s trade deficit narrowed to $-34.2 billion in June. Exports rose, and imports fell, though the falling imports may signal a lack of domestic consumer demand.
The Gallup Economic Confidence Index (ECI) fell from -98 to -12 in July.
Redbook is reporting solid retail sales growth at 3.7% from a year ago. ICSC-Goldman reports retail sales rose 0.3% last week, and are up 2.5% from a year ago.