Economic Statistics for 9 Aug 16
The Fed’s Labor Market Conditions Index rose 2.9 points to 1.0 in July.
NFIB’s Small Business Optimism Index for July rose 0.1 points to 94.6.
Non-farm productivity fell a disappointing -0.5% in the 2nd Quarter, while unit labor costs rose 2.0%.
June wholesale inventories rose 0.3%, as sales surged 1.9 percent, pulling the stock-to-sales ratio down to 1.33.
Redbook reports that last week’s retail sales growth was little improved at 0.5% on a year-ago basis, from the previous week’s 0.3%.