Free Markets, Free People

Economic Statistics for 12 Aug 16

Producer Prices for Final Demand fell -0.4% in July Prices less food and energy fell -0.3%, while prices less food energy and trade services were unchanged. On a Year-over-year basis, PPI-FD fell -0.2% overall, but were up 0.7% less food and energy and up 0.8% less food, energy, and trade services.

Buoyed only by auto sales, Retail sales were unchanged in July, but sales less autos were down -0.3%, and sales less autos and gas fell -0.1%.

Business inventories rose 0.2% in June, while a 1.2% increase in sales pulled the stock-to-sales ratio down to a lean 1.39.

The University of Michigan’s Consumer Sentiment Index rose 0.4 points to 90.4.

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