U.S. Producer Price Index Rose 0.8% In April
U.S. producer price index rose 0.8% in April vs. 0.6% consensus. March reading was at 0.7%. On year level PPI is up 6.6%.
Archive for May 12th, 2011
U.S. Retail Sales Rose 0.5% In April
U.S. retail sales were reported up 0.5% in April vs. o.6% consensus. March reading was at +0.9% (revised from +0.4%). On year level retail sales are up 7.6%.
U.S. Initial Jobless Claims At 434.000; Down 44.000
Initial jobless claims in the U.S. were reported at 434.000 vs. 430.000 consensus and last week revised (up 4.000) reading of 478.000.
Not looking good.
U.S. Petroleum Weekly – May 12, 2011
Mixed bag of data. Low refinery utilization rates, low net imports, low product stocks. On the other hand high level of crude oil .
Driving season could begin to lower the crude inventory.