Free Markets, Free People

Economic Statistics for 13 Aug 15

Retail sales rose 0.6% in July, with sales less autos and sales less autos and gas both up 0.4%. May and June sales were revised upwards as well.

July export prices fell -0.2%, while import prices fell -0.9%. Year over year, export prices are down -6.1% and import prices are down -10.4%.

Business inventories rose 0.8% in June, well ahead of a 0.2% rise in sales. The mismatch lifts the inventory-to-sales ratio to 1.37 from 1.36.

Initial weekly jobless claims rose 4,000 to 274,000. The 4-week average fell 1,750 to 266,250. Continuing claims rose 15,000 to 2.273 million.

The Bloomberg Consumer Comfort Index rose 0.4 points to 40.7 in the latest week.

The Fed’s balance sheet rose $2.9 billion last week, with total assets of $4.489 trillion. Reserve bank credit rose $2.5 billion.

The Fed reports that M2 money supply rose by $1.8 billion in the latest week.

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