Economic Statistics for 16 Jun 15
Redbook reports that last week’s retail sales were still soft, rising to 1.2% on a year-ago basis, from the previous week’s 1.1%.
Housing starts fell -11.1% in May, from April’s record high pace, to a still-strong 1.036 million annual rate. Building permits—an indicator of future construction activity—rose 11.8%, as well, to a 1.275 million annual rate. April’s initial result was revised even higher, up 22.1% from march to a 1.165 million rate.