Economic Statistics for 12 Feb 16
January retail sales rose 0.2%, with sales less autos up 0.1%, and sales less autos and gas up 0.4%.
Import prices fell -1.1% in January, while export prices fell -0.8%. On a year-over-year basis, prices are down -6.2% for imports and -5.7% for exports.
December business inventories rose 0.1%, but a -0.6% plunge in sales drove the stock-to-sales ratio up to 1.39.
The University of Michigan’s Consumer Sentiment Index fell -1.3 points to 90.7.