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June 11, 2013

Weak Recovery Continues.

June 11, 2013

Weak Recovery Continues.

Chain Store Sales (week ended 6/8/2013)

ICSC-Goldman Store Sales

– Store Sales Week/Week -2.7%. Previous was +1.9%

– Store Sales Year/Year  +2.2%. Previous was +4.3%

Redbook

– Store Sales Year/Year +2.8%. Previous was +2.9%

The Consumer Metrics Daily Absolute Demand Index of on-line discretionary spending was lower from June 2-8.

NFIB Small Business Optimism Index (May 2013)

– level 94.4.  Previous was 92.1.

This is an index which averages 100.  The outlook is better but still not great.

Wholesale Trade (April 2013)

– Inventories Month/Month +0.2%. Previous was 0.4%.  This is the “I” in the formula for GDP=C+I+G+(X-M)

Markets today are (at least according to the big financial news web sites) concerned about an end to Fed stimulus.