2008-05-13 US Economic Releases
Posted by WARREN MOSLER on 13th May 2008
- Import Price Index MoM (Released 8:30 EST)
- Import Price Index YoY (Released 8:30 EST)
- Advance Retail Sales (Released 8:30 EST)
- Retail Sales Less Autos (Released 8:30 EST)
- Business Inventories (Released 10:00 EST)
- ABC Consumer Confidence (Released 17:00 EST)
Import Price Index MoM (Apr)
| Survey | 1.6% |
| Actual | 1.8% |
| Prior | 2.8% |
| Revised | 2.9% |
Alarming to the Fed.
Import Price Index YoY (Apr)
| Survey | 15.0% |
| Actual | 15.4% |
| Prior | 14.8% |
| Revised | 14.9% |
Alarming to the Fed.
Advance Retail Sales (Apr)
| Survey | -0.2% |
| Actual | -0.2% |
| Prior | 0.2% |
| Revised | n/a |
As expected, but composition surprised on the upside.
Retail Sales Less Autos (Apr)
| Survey | 0.2% |
| Actual | 0.5% |
| Prior | 0.1% |
| Revised | 0.4% |
Way better than expected, and prior revised higher as well. Consumer alive and well.
Business Inventories (Mar)
| Survey | 0.4% |
| Actual | 0.1% |
| Prior | 0.6% |
| Revised | 0.5% |
Another pleasant surprise that means Q1 GDP gets revised up a bit more.
ABC Consumer Confidence (May 11)
| Survey | - |
| Actual | - |
| Prior | -46 |
| Revised | - |
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