Monday, July 15, 2013

It's The Economy Stupid: Retail Sales Numbers Are Bad

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Empire Manufacturing

JUL

5.00

9.46

7.84

 

Advance Retail Sales

JUN

0.8%

0.1%

0.6%

0.5%

Retail Sales Less Autos

JUN

0.5%

0.0%

0.3%

 

Retail Sales Ex Auto & Gas

JUN

0.4%

-0.1%

0.3%

 

Retail Sales "Control Group"

JUN

0.3%

0.1%

0.3%

0.2%

 

Empire Manufacturing number was great.  Retail Sales were disappointing across the board.  The Retail Sales numbers were bad.  There really was no bright spot in the Retail Sales numbers.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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