The batch of economic data from the US is mixed. Dollar recovers slightly but remains in red for today in general.
Headline retail sales rose 0.5% mom in June, above expectation of 0.4% mom. Prior month’s figure was revised sharply higher from 0.8% mom to 1.3% mom.
Ex-auto sales rose 0.4% mom, matched expectations. Prior month’s figure was also revised sharply higher from 0.9% to 1.4%.
Empire state manufacturing index, general business conditions, dropped to 22.6 in July, down from 25.0 but beat expectation of 20.3. Expectations six months ahead dropped -7.8 to 31.1.
Looking at the details of current indicators:
- New orders dropped -3.1 to 18.2.
- Shipments dropped -8.9 to 14.6.
- Unfilled orders dropped -9.3 to 0.0.
- Delivery time dropped -7.2 to 6.0.
- Inventories dropped -9.7 to -4.3.
- Price paid dropped -10 to 42.7.
- Price received dropped -1 to 22.2.
- Number of employees dropped -1.8 to 17.2.
- Average employee workweek dropped -6.4 to 5.6.
