Economic Statistics for 13 May 16
Retail sales snapped back in April, with an increase of 1.3%. Sales less autos rose 0.8% and sales less auto and gas rose 0.6%.
Producer prices for final demand rose 0.2% in April. Prices less food and energy rose 0.1%, and prices less food, energy, and trade services, rose 0.3%. On a year-over-year basis:
Less food & energy: 0.9%
Less food, energy, and trade services: 0.9%
Business inventories rose 0.4% in March, but a 0.3% rise in sales kept the stock-to-sales ratio unchanged at 1.41.
May consumer sentiment is soaring, up 6.8 points to 95.8 for the mid-month flash reading.