Free Markets, Free People
Economic Statistics for 14 Feb 12
The following statistics were released today on the state of the US Economy:
Despite strong core numbers, weak auto sales meant that retail sales were up a less-than-expected 0.4% for January. Ex-autos, retail sales rose 0.7%, and removing gasoline sales brings the core number to 0.6%.
In weekly store sales, ICSC-Goldman reports a weak -2.0% drop in sales, with the year-on-year rate at 2.8%. Redbook is also weak at a 2.7% same store sales increase from last year.
Export prices rose 0.2% for January, which is up 2.5% from last year. Import prices rose 0.3% for the month, and 7.1% for the year.
The NFIB Small Business Optimism Index rose very slightly to 93.9 in January.
The Ceridian-UCLA Pulse of Commerce Index fell 1.7% in January to a level of 93.17.
Business inventories rose 0.4% in December. Sales rose 0.7%, so the stock-to-sales ratio dropped to 1.26.