Your Economy (No Politics)

[marketmaven]

Excellent Post- ESI completely ignored last week ! UFB !
NY Empire State Index slowed to 19.19 which was below the 20.0 expected and the previous months 20.08. The New Orders Index fell to 17.3 from 21.0 with the Labor Market index dropping to 8.9 from 12.7 and the Pricing Index also edged lower to 48.8 from 50.4.

Retail Sales fell to –0.3% and lower than the 1.1% previously reported with the dip mainly attributed to a fall off in Auto Sales. Excluding autos, retail sales rose 0.6%. ICSC-UBS Weekly Chain Store Sales fell to 0.1%, considerably lower than last weeks reading of 2.2% while Johnson Redbook Retail Sales came in at 2.0% and well above the 0.8% previously reported.

Business Inventories came in at 0.2%, in line with expectations and lower than the 1.1% previously reported. Although excluding motor vehicle parts, retail inventories rose 1.0%. Stocks at manufacturers fell 0.1% while Wholesale Inventories rose 0.4%.