US:Economic data

• Price of consumer goods rose0.2% in May as the cost of food, clothing, autos and housing all accelerated, offsetting the first decline in energy prices in 11 months
• Empire State index fell below zero to -7.8 in June from 11.9 in May. Manufacturing activity deteriorated sharply in the New York region in June, raising concern that the slowdown seen in the factory sector that started in May could have marked the start of a contraction rather than a temporary soft patch.
• Industrial production edged up a 0.1% in May, the second straight month showing little or no gain
• Home builder confidence deteriorated in June, hurt both by the glut of cheaper existing homes on the market as well as rising building material prices. The National Association of Home Builders/Wells Fargo Housing Market Index fell to 13 in June from 16 in May.

U.S. stocks fell Wednesday, erasing all of the prior day’s gains, as Greece’s debt troubles and U.S. economic data dampened sentiment.