Free Markets, Free People


Economic Statistics for 16 Jul 12

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

Retail sales declined for the third month in a row, falling a greater-than-expected -0.5% in June. Less autos, sales fell -0.4%; less gas and autos, sales fell -0.2%. Retail sales on a year-ago basis were up 3.8%.

In another unwelcome sign for the economy, Business inventories in May rose 0.3%, while sales fell 0.1% for the second month in a row. This raised the stock-to-sales ratio to 1.27. That’s the highest level since May 2011.

The Empire State Mfg Survey rose more than 5 points to 7.39, but new orders, an indication of future activity, fell to -2.69. Unfilled orders are also contracting, at a very steep -13.58.

~
Dale Franks
Google+ Profile
Twitter Feed

  • Facebook
  • Twitter
  • LinkedIn
  • Tumblr
  • Digg
  • Reddit
  • email
  • Print
  • Google Bookmarks

2 Responses to Economic Statistics for 16 Jul 12

  • As I commented to your tweet.  We are in a stationary position now for a half a year. Markets and trade numbers go up and down, but mainly stay in the same general area.  We are in a holding pattern.

    What the investment community is waiting for is two things, (1) How the Europeans will weather this storm and (2) the outcome of the US elections.

michael kors outlet michael kors handbags outlet michael kors factory outlet