DATA PREVIEW: JUNE DATA SOLID, BUT COVID REBOUND LOOMS
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. data for June have been generally positive, with a solid gain in nonfarm payrolls and the above-50 ISM readings for both the manufacturing and nonmanufacturing sectors. Of course, much of this was before several large states reported rebounds in their COVID-19 cases, so the silver cloud comes […]
DATA FLASH: US JUNE PPI A SURPRISE, DOWN 0.2% ON FOOD REVERSAL
–Prices Ex-Food/Energy -0.3%; Up 0.3% Excluding Trade Services as Well–Energy Prices Rise Further 7.7% on a 26.3% Jump in Gasoline Prices–Food Prices Plunge 5.2% After a 6.0% Jump in May By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices fell 0.2% in June, a fourth decline in the last five months. The June drop was […]