Tuesday, June 14, 2005

Quick Overview

  • May retail sales fell 0.5% from the previous month, the first drop since August, the Commerce Department reported Tuesday.

  • The Labor Department said Tuesday its producer price index for May fell 0.6%, the biggest monthly drop in two years, while prices excluding food and energy rose 0.1%.

  • Rail freight volumes have been decelerating in the second quarter with a modestly slowing economy, however rail pricing has continued to grow.

  • Consumer prices in the U.K. were up 1.9% in May from a year ago, more than expected and the highest in seven years.

  • The International Coffee Organization estimates the 2005-2006 world coffee production at 106 million (60-kg) bags. They estimate 2004-2005 world consumption at 114 million bags.

  • The average retail price of diesel fuel rose 4.2 cents to $2.276 a gallon, the Department of Energy reported Monday

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