Economic Statistics for 13 May 15
The MBA reports that mortgage applications fell -3.5% last week, with purchases down -0.2% and refis down -6.0%.
Retail sales were unchanged in April, while sales less autos rose 0.1% and sales less auto and gas were up 0.2%. All of these numbers were, obviously, below expectations.
April export prices fell -0.6%, while import prices fell -0.3%. On a year-over-year basis, prices are down -6.3% for exports, and -10.7% for imports.
The Atlanta Fed’s Business Inflation Expectations survey shows yearly inflation expected at 1.9% in May, up from 1.7% in April.
Business Inventories rose 0.1% in March, while a 0.4% increase in sales lowered the stock-to-sales ratio a tick to 1.37.