Wednesday, May 07, 2008

Quick Overview

  • U.S. worker productivity rose at an annual rate of 2.2% in the first quarter.

  • U.S. unit labor costs rose at an annual rate of 2.2% in the first quarter.

  • U.S. pending home sales index fell 1.0% in March and down 20.1% YoY.

  • Retail sales volume in the Euro area fell 0.4% in March.

  • U.K.'s factory output fell 0.5% in March.

  • The U.S. Department of Energy said:
    Supplies of crude oil rose 5.7 million barrels last week to 325.6 million barrels.
    Supplies of gasoline rose 800,000 barrels
    Supplies of heating oil rose 100,000 barrels.
    Refinery use fell from 85.4% to 85.0%.
    Gasoline demand rose 0.3% YoY
    Distillate demand fell 0.5% YoY.

  • Statistics Canada said:
    Wheat stocks were down 32% YoY.
    Canola stocks were down 22% YoY.

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