Free Markets, Free People


Economic Statistics for 15 Jul 13

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

June retail sales were disappointing, with a 0.4% increase overall, but no increase ex-autos, and a -0.1% drop when gas and autos are excluded.

The Empire State Manufacturing Survey rose from 7.84 to 9.46 in July, as NY manufacturing activity continued to pick up.

Business inventories grew a slight 0.1% in May, but the stock to sales ratio fell to 1.29.  Inventory growth has now been flat for two years.

~
Dale Franks
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