US ..Economic indicators continue to weaken

  1. 577 Posts.
    Futures sold off.

    May PPI declined 0.4%, following a 0.2% decline in April. May reading was below the consensus call of +0.1%, with estimates ranging from -0.3% to +0.4% range. The "core", the PPI ex-food & energy came in flat, following the +0.1% reading in April. The consensus call was for +0.1%, with estimates in a -0.1% to +0.2% range.
    May Retail Sales plunged 0.9%. The April data, initially a rise of 1.2%, was unrevised. The may consensus call was -0.3%. Retail Sales "ex-autos" fell 0.4%. The April data, initially a rise of 1.0%, was revised to +1.1% The May consensus call is for +0.3%...this is very weak data.
    Jobless claims for the week ended June 8 fell by 18,000 to 390K, down from 384K last week. The consensus call was for 394K, with estimates in a 375K to 435K range.
 
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