Full text of U.S. Financial Data : July 11, 2002

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July 11, 2002

USFinancialData
THE WEEK’S HIGHLIGHTS:
■ Sales by merchant wholesalers of durable and nondurable goods
were $227.8 billion in May, down 0.2 percent from the previous
month’s (revised) figure but up 0.2 percent from May 2001. Wholesale
inventories were $281.4 billion in May, up 0.1 percent from the
previous month but down 7.2 percent from a year earlier. The May
inventory-to-sales ratio edged up to 1.24 from 1.23 in April but
remained well below its level of 1.33 a year earlier.
■ The producer price index for finished goods rose 0.1 percent in
June, following declines of 0.4 percent in May and 0.2 percent in
April. Excluding food and energy components, the core producer
price index rose 0.2 percent in June.
■ Prices of U.S. imports declined 0.6 percent in June, the first monthly
decline in 2002. Petroleum import prices were down 6.6 percent
for the month, while non-petroleum prices rose by 0.1 percent. From
June 2001 to June 2002, prices for all imports have fallen by 3.9
percent, with petroleum import prices down 7.9 percent and nonpetroleum prices down 2.6 percent.
■ In the week ending July 6, initial claims for unemployment insurance
were 403,000, an increase of 16,000 from the previous week’s revised
figure. The four-week moving average of initial claims was 395,000,
down from 403,500 four weeks earlier.

All data are seasonally adjusted unless otherwise indicated.
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