Economic Statistics for 11 Jun 15
Retail Sales for May rose 1.2% overall, 1.0% less autos, and 0.7% less autos and gas. This looks like a rebound from the soft 1st Quarter.
Export prices rose 0.6% in May, while import prices rose 1.3%, after a year of declines. On a year-over-year basis, export prices are down -5.9% and import prices are down -9.6%.
Business inventories rose 0.4% in April, while a strong 0.6% increase in business sales left the stock-to-sales ratio unchanged at 1.36.
Initial weekly jobless claims rose 3,000 to 279,000. The 4-week average rose 3,750 to 278,750. Continuing claims rose 61,000 to 2.265 million.
The Bloomberg Consumer Comfort Index fell -0.4 points to 40.1 in the latest week.
The Fed’s balance sheet rose $2.7 billion last week, with total assets of $4.468 trillion. Reserve bank credit rose $7.1 billion.
The Fed reports that M2 money supply fell by $-15.0 billion in the latest week.