Free Markets, Free People

Economic Statistics for 10-11 Jun 14

The June NFIB Small Business Optimism Index rose 1.4 points to 96.6 for the best reading since September 2007.

ICSC-Goldman reports weekly retail sales down -2.8%, but up 3.0% on a year-over-year basis. Redbook reports an 3.3% rise in retail sales over last year.

Wholesale inventories rose 1.1% in April, while 1.3% sales increase kept the stock-to-sales ratio unchanged at 1.18.

May’s US Treasury budget ended in a $-130.0 billion deficit, following April’s $1.03 billion surplus.

The MBA reports that mortgage applications rose 10.3% last week. Purchases rose 9.0% and re-fis rose 11.0%.

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