Economic Statistics for 13 Sep 13
Producer prices rose 03% in August, but ex-food and energy were unchanged. On a year-over-year basis, the PPI is up 1.4% and 1.2% at the core.
Retail sales rose 0.2% in August. Ex-autos, sales were up 0.1%, and ex-auto and gas were up 0.1%.
The Reuters/University of Michigan’s consumer sentiment index fell a sharp 5 points to 76.8 in August.
Business inventories rose 0.4 percent in July, while the stock to sales ratio leaned down a tick to 1.28 in July.