Wednesday, August 13, 2008

Quick Overview

  • U.S. retail sales fell 0.1% in July, but rose 2.6% YoY.

  • U.S. business sales rose 1.7% in June

  • U.S. inventories rose 0.7%.

  • Japan's GDP fell 0.6% in the second quarter.

  • U.K.'s unemployment rate rose to 5.4%, up from 5.2% last month.

  • YoY China’s retail sales rose 23.3% in July.

  • The U.S. Department of Energy said:
    Supplies of crude oil fell 400,00 barrels to 296.5 million barrels.
    Supplies of gasoline fell 6.4 million barrels
    Supplies of heating oil rose 1.0 million barrels.
    Refinery use fell from 87.0% to 85.9% of capacity last week.
    Gasoline demand fell 1.9% YoY
    Distillate demand rose 4.3%.

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