Jun 17 2013
The U.S. Treasury reported a higher-than-expected monthly deficit of $138.7 billion in May. Retail sales increased 0.6% in May. Business inventories rose 0.3% in April. Industrial production was unchanged in May after declining 0.4% in April. The topline producer price index increased 0.5% in May; the core PPI rose 0.1%. The U.S. current account deficit widened $3.8 billion (3.7%) to a lower-than-expected $106.1 billion in the 1st quarter of 2013. Initial jobless claims fell 12,000 to 334,000 for the week ended 6/8.