Economic Statistics for 14 Jun 16
Retail sales rose a surprising 0.5% in May, with sales less autos up 0.4%, and sales less autos and gas up 0.3%.
Import prices rose a huge 1.4% in May, while export prices rose 1.1%. On a year-over-year basis, however, prices are down -5.0% for imports and -4.5% for exports.
Business inventories rose 0.1% in April, but a 0.9% increase in sales lowered the stock-to-sales ratio from 1.41 to 1.40.
The NFIB’s Small Business Optimism index rose 0.2 points to 93.8 in May.
Redbook reports that last week’s retail sales growth rose to a sluggish 0.7% on a year-ago basis, from the previous week’s 0.6%.