Flat Data.

ICSC-Goldman Chain Store Sales (week ended 7/12/2014)

– Store Sales week/week +0.1%. Previous was +1.7%

– Store Sales year/year +4.5%. Previous was +3.3%

Redbook Chain Store Sales (week ended 7/12/2014)

– Store Sales year/year +4.1%. Previous was +6.0%.

Retail Sales (June 2014)

– Retail Sales month/month +0.2%. Previous revised to +0.5%

– Retail Sales less autos month/month +0.4%. Previous revised to +0.4%

– Less Autos & Gas month/month +0.4%. Previous revised to +0.3%.

The gains for the month are disappointing but May’s upward revisions made the starting point higher so this data is neutral.

Empire State Manufacturing Survey  (July 2014)

– General Business Conditions Index 25.6. Previous was 19.28.

This survey index is a relic from a time when there was a lot of manufacturing in New York State.

Import and Export Prices (June 2014)

– Export Prices month/month -0.4%. Previous was +0.1%

– Export Prices year/year   +0.2%. Previous was +0.5%

– Import Prices month/month +0.1 %. Previous was +0.1%

– Import Prices year/year   +1.2 %. Previous was +0.4%

No signs of inflation here.  If anything, this could indicate reduced demand.