Economic Statistics for 12 Apr 16
Increased costs for Medicare and especially net interest payments drove the Treasury’s budget deficit in March to $-108.0 billion. The deficit-to-date is 4.9% higher than April 2015.
Import prices rose 0.2% in March, while export prices were unchanged. On a year-over-year basis, import prices are down -6.2% and export prices were down -6.1%.
The NFIB’s Small Business Optimism Index fell -0.3 points to 92.6 in March.
Redbook reports that last week’s retail sales growth rose to a still-weak 1.1% on a year-ago basis, from the previous week’s 0.6%.