Free Markets, Free People
Economic Statistics for 10 Jul 12
Today kicks off the week’s statistics on the state of the US economy:
The NFIB Small Business Optimism Index fell 3 full points in June to 91.4, a "significant" decline that reverses year-to-date improvement. The report highlights a weak labor sector, with job creation contracting for the first time this year. Also in decline were capital investment plans, earnings trends, and special weakness in consumer spending—especially on services.
In retail sales, Redbook reports year-over-year store sales were unchanged at a weak 2.2%. Conversely, ICSC-Goldman shows retail sales strength, with comparable store sales rose 2.0% for the week, and were up 3.0% over last year.