Free Markets, Free People
Economic Statistics for 15 Jan 13
Here are today’s statistics on the state of the economy:
In weekly retail sales, ICSC-Goldman Store Sales fell another -0.6% for the week, and only up 3.3% from last year. Redbook also reports a weak 1.9% year-on-year sale growth rate.
Business inventories rose 0.3% in November, vice a 1.0 percent rise for sales. The inventory-to-sales ratio rounds out to 1.28, the lowest ratio since May.
The Empire State Manufacturing Survey fell more than a point to -8.10, indicating a deepening contraction in manufacturing.
The Commerce Department reports rose 0.5% in December. Sales ex-autos rose 0.3%, while sales ex-autos and gas rose 0.6%.
The Producer Price Index fell -0.2% in December, while the core rate rose 0.1%. On a year-over-year basis, the PPI rose 1.3%, while the core rate rose 2.0%.