Economic Statistics for 11 Aug 15
The Labor Market Conditions Index for July came in slightly below expectations at 1.1 vs a revised 1.4 in June.
The NFIB Small Business Optimism Index for July rose 1.3 points to a better-than-expected 95.4.
Productivity rose 1.3% in the 2nd Quarter, while growth in Unit Labor Costs was held down to 0.5%.
Redbook reports that last week’s retail sales growth rose to a still-soft 1.9% on a year-ago basis, from the previous week’s 1.7%.
Wholesale inventories rose a surprising 0.9% in June, while a weak 0.1% rise in sales left the stock-to-sales ratio at a hefty 1.30.