Economic Statistics for 15 Mar 16
Producer Prices for Final Demand fell -0.2% in February, were unchanged less food and energy, and up 0.1% less food, energy, and trade services. On a Year-over-year basis, prices were unchanged overall, up 1.2% less food and energy, and up 0.9% less food, energy, and trade services.
Retail sales fell -0.1% in February, both at the headline level, and less autos. Sales less autos and gas rose 0.3%.
After 7 months of contraction, the Empire State Manufacturing survey rose from -16.64 to 0.62 in March.
Business inventories rose an unwanted 0.1% in January, while a -0.4% drop in sales drove the stock to sales ratio to a hefty 1.40, the highest since May 2009.
The Housing Market Index was unchanged at 58 in March.
Foreign Demand for Long-Term U.S. Securities fell -12.0 billion in January, mainly on sales of US Treasuries.
Redbook reports that last week’s retail sales fell to 0.6% on a year-ago basis, from the previous week’s 0.7%. Sales remain weak.