U.S. Producer Price Index At -0.1% In April
PPI fell to -0.1% in April vs. 0.1 consensus and 1.7% rise in March. Chart 1. U.S. Producer Price Index
Posts Tagged ‘PPI’
Producer Price Index Falls To -0.6% In February
Inflation? I would say no till further notice. PPI fell to -0.6% in February vs. -0.2 consensus and 1.4% in January. Producer margins? Squeezed. Chart 1. U.S. Producer Price Index
Credit Card Charge-Offs Weigh on the Markets
U.S. credit companies reported delinquencies and charge-offs for November. Nice sum-up by Reuters: U.S. credit card charge-offs resume climb. It doesn’t look nice. Looks like American Express (AXP) is most aggressive in addressing the situation and they are apparently managing to show some improvements. Capital One (COF) again with worsened numbers. Nice group of potential […]
Industrial Production & PPI
Industrial production rose 0.8% in November vs. 0.6% consensus and 0.1% rise in October. Capacity utilization was at 71.3% in November vs. 71.2% consensus and 70.7% level in October. So, moderate surprise to the upside. Producer prices rose 1.8% on a monthly level and 2.7% on a year level. If we take food and energy […]
Magnificent Ben
Ben Bernanke speech yesterday has win over the markets and the positive vibes were hitting the markets even today. Nothing special in the speech, both bulls and bears had their moments, but as bulls are currently in the lead the print was positive in all. Interesting, Mr. Bernanke admitted influencing stock markets: …Partly as the […]
Housing And Currencies In Focus
Housing starts rose 0.5% in September to 590k units vs. 615k consensus representing 2.8% growth. August data was revised down from 598k units reported last month to 587k units. If we take this into account the consensus was projecting 4.7 increase; and the reported figure was 0.5%. Bloomberg link: Housing Starts in U.S. Increased Less Than Forecast.
Falling Volatility
A lot of economic data coming from the US today. Producer price index coming at 1.7% vs. 0.8% consensus on the monthly level and -4.3% vs. -5.3% consensus on year level. Surprise to the positive side. Retail sales were up 2.7% vs. 1.9% consensus in August, taking out Autos and Gas +0.6%. Also, positive, but definitely not breath taking.