Free Markets, Free People
Economic Statistics for 10 Jan 13
The following US economic statistics were announced today:
Wholesale sales growth rose a greater than expected 2.3% in November, while the inventory build was 0.6%. This drove the stock-to-sales ratio down to 1.19. Big sales gains were noted in food, apparel, cars and computers.
Initial jobless claims rose 4,000 to 371,000 last week, and the 4-week average moved up 6,750 to 365,750. Continuing claims fell a very substantial 127,000 to 3.109 million.
The Bloomberg Consumer Comfort Index fell nearly 4 points to -34.4, holding in the -30s for the 16th straight week, a recession high.