Free Markets, Free People

Economic Statistics for 2 Jun 15

Motor vehicle sales made a big 7.9% jump in May, to an annual sales rate of 17.8 million. North American-made vehicles also jumped 7.6% to a 14.2 million rate.

Gallup’s Economic Confidence Index dropped -4 points in May to -7.

Redbook reports that last week’s retail sales growth remained weak, rising to just 1.7% on a year-ago basis, from the previous week’s 1.6%.

Factory orders fell -0.4% in April for the 8th decline in 9 months. Ex-transportation, factory orders were unchanged.

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One Response to Economic Statistics for 2 Jun 15

  • With an average price of $30K for a new car, who can afford a new car?
    I’m driving a 13-year-old car and probably will continue to do so for the foreseeable future.