經濟數據分析09年第33周

Topics:
- US Retail Sales
- US CPI
- Market Performance
- Is the recent rally reasonable?



USA
Overall

• Jul core CPI up +0.1% from +0.2% in Jun (inline with expectation)
• 2Q productivity (prel) up +6.4% from +0.3% in 1Q (better, +5.5%)
• Jun trade balance down to -$27.0B from -$26.0B in May (better, -$28.7B)

Consumer market

• Jul retail sales down to -0.1% from +0.5% in Jun (worse, +0.8%)
• Jun wholesale inventories down to -1.7% from -1.2% in May (better, -0.9%)
• Jun business inventories up to -1.1% from -1.2% in May (better, -0.9%)

Job market

• 08/08 Initial jobless claims up to 558k from 554k last week (worse, 545k)

Canada
Overall

• Jul leading indicators up +0.2% m/m from -0.1% in Jun
• Jul core CPI flat +1.9% y/y from 1.9% in Jun
• Jul CPI up to -0.8% y/y from -0.3% in Jun

House market

• Jul new house price down -0.2% M/M from -0.1% in Jun