The following statistics were released today on the state of the US economy:

The U.S. trade gap unexpectedly shrank in February to $46.0 billion from $52.5 billion in January.

Initial claims for unemployment rose 13,000 in the April 7 week to 380,000. The four-week moving average rose 4,250 to 368,500, the highest level in a month.

Overall producer prices were unchanged last month, though up 2.8% over last year. The core PPI rose 0.3% for the month, and 2.9% for the year.

The Bloomberg Consumer Comfort Index reading was -32.8, the highest reading since March 2008.

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Dale Franks
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