Free Markets, Free People
Economic Statistics for 8 Feb 13
The following US economic statistics were announced today:
Wholesale inventories fell -0.1% in December, while wholesale sales were unchanged, keeping the stock-to-sales ratio steady at 1.19.
The US trade gap narrowed in December, falling to -$38.5 billion, largely due to a big drop in iPhone imports, and increased exports. Exports rose 2.1%, while imports dropped -2.7%.