Free Markets, Free People
Economic Statistics for 3 Jul 12
The following statistics were released today on the state of the US economy:
Auto sales will be released throughout the day today. First reports are from Chrysler, whose sales rose 20% to 144,811 vehicles. Nissan posted a 28% sales gain, to 92,237 new vehicles. More figures will be released later today.
In retail sales, ICSC-Goldman reports bad weather reduced same-store retail sales to a year-on-year 1.4% increase, though sales rose 0.2% on a weekly basis. Redbook reports weak 2.2% sales growth both on a weekly basis, as well as in the 4-week moving average. Both Redbook and ICSC-Goldman sales results are the worst in a year.
US factory orders rose a better-than-expected 0.7% in May. Ex-transportation, orders were up by 0.4%, reversing 2 months of decline.