Econ data 09 week 24
Overall
- US Apr trade balance down to -$29.B from -$28.5B in Mar, inline with expect -$29.B
Consumer market
- US May retail sales up +0.5% from down -0.2% in Apr, inline +0.5%
- US Apr wholesale inventories down -1.4% from down -1.8% in Mar, better -1.2%
- US Apr business inventories down -1.1% from down -1.3% in Mar, better -1.0%
- US Jun Mich sentiment up to 69 from 68.7 in May, inline 69.5
- Economic data looks better and more positive towards the end of recession on 3q09
Job market
- US 06/06 initial claims down to 601k from 625k last week, better 615k
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