Free Markets, Free People
Economic Statistics for 13 Dec 12
The following US economic statistics were announced today:
Initial jobless claims fell 29,000 last week, to 343,000. The 4-week moving average fell 27,000 to 381,500. Continuing claims fell 23,000 to 3.271 million.
The producer price index in November fell -0.8%. The core rate, which excludes both food and energy, rose 0.1%. On a year-over-year basis, the PPI is up 1.4%, while the core PPI is up 2.2%.
Retail sales rose 0.3% overall in November, while sales ex-autos were unchanged, and sales ex-autos and gas rose 0.7%.
Business Inventories rose 0.4% in October, but falling sales pushed the stock to sales ratio up to 1.29.
The Bloomberg Consumer Comfort Index fell another -0.7 points to -34.0.