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.