GDP Components up. Inflation Contained.

Retail Sales (August 2014)

– Retail Sales month/month +0.6%. Previous was revised up from +0.0% to +0.3%

– Retail Sales less autos month/month +0.3%. Previous was revised up from +0.1% to +0.3%

– Less Autos & Gas month/month +0.5%.  Previous was revised up from +0.1% to +0.3%.

This is indicative of continued GDP growth.  Retail Sales are the biggest component of GDP.

 

Import and Export Prices (August 2014)

– Export Prices month/month -0.5%. Previous was +0.1%

– Export Prices year/year   +0.4%.

– Import Prices month/month -0.9%. Previous was -0.3%

– Import Prices year/year   -0.4%.

There is no inflation here.

 

University of Michigan Consumer Sentiment (September 2014)

– Sentiment level 84.6. Previous was 82.4.

 

Business Inventories  (July 2014)

– Inventories +0.4%. Previous was +0.4%.

This is a GDP component.