Free Markets, Free People


Economic Statistics for 4 Jun 13

Here are today’s statistics on the state of the economy:

ICSC-Goldman reports retail store sales rose a sharp 1.9% last week, to a 4.3% year-on-year rate. Redbook shows a moderate 2.9% year-on-year sales growth rate.

Rising imports pushed the US international trade deficit higher, to $-40.3 billion in April.

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Dale Franks
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2 Responses to Economic Statistics for 4 Jun 13

  • The report, which analyzed long-term trends of past recoveries, found that the long-anticipated “Great Recovery” has not yet materialized.
    Real GDP growth — the value of goods and services produced after adjusting for inflation — is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones.
    “It’s not a recovery,” he wrote. “It’s not even normal growth. It’s bad.”

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