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

The U.S. international trade gap in June narrowed to $42.9 billion from $48.7 billion, mainly from lower fuel prices and imports.

The Bloomberg Consumer Comfort Index fell to -41.9 in the latest period, the lowest reading in two months.

Wholesale sales fell -1.4% in June, while inventories declined only -0.2%, a mismatch that increases the inventory-to-sales ratio to 1.20.

Initial jobless claims fell 6,000 to 361,000 last week. The 4-week average rose 2,250 to 367,000. Continuing claims rose 53,000 to 3.32M.

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Dale Franks
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