DATA FLASH: US APRIL PPI FALLS 1.3% ON ENERGY; Y/Y RATE TURNS NEGATIVE
-Prices Ex. Food/Energy -0.3%; Down 0.9% Ex-Trade Services as Well-Energy Prices Drop 19.0% on a 56.6% Plunge in Gasoline Prices By Kevin Kastner WASHINGTON (MaceNews) – Wholesale prices declined more than expected in April, led by energy prices again, the Labor Department reported Wednesday. The inflation data are all moving in the same downward direction, […]
DATA FLASH: US APRIL CPI FALLS 0.8%, CORE -0.4%, LARGEST DROP EVER
–Energy Prices Account for Most of Headline Decline; Foods Prices Up–Owners’ Equivalent Rents Up 0.2%, Lodging Away from Home Cut 7.1% By Kevin Kastner WASHINGTON (MaceNews) – Consumer prices fell as expected in April, with a plunge in energy prices the key factor due to severely reduced demand for gasoline as consumers stayed off the […]
DATA FLASH: US INITIAL CLAIMS STILL ELEVATED AS BACKLOGS CONTINUE
–Initial Claims Fall By 603,000 to 3.839 Mln; Continuing Claims Not Peaked–Personal Income Down 2.0%; PCE Plunges 7.5%; Core PCE Prices -0.1%–Employ Costs Accelerated in 1Q; Chicago PMI 35.4 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 603,000 to 3.839 million in the April 25 week, ahead of the 3.50 million level expected, […]
BUSINESS ECONOMISTS GRAPPLE WITH OUTLOOK, TRY TO CATCH UP WITH DETERIORATION
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published its latest survey of business conditions and 107 of its members concluded that the outlook has been clouded so much by the pandemic that there are few definitive conclusions at this early stage. The NABE’s averaged survey results showed a severe economic dislocation yet […]
DATA FLASH: US MARCH IMPORT PRICES FALL 2.3% ON FUEL PLUNGE
–Excluding Fuels, Import Prices Were Flat on Mixed Components By Kevin Kastner WASHINGTON (MaceNews) – U.S. import prices fell by 2.3% in March, primarily on a 26.8% plunge in fuel prices. Outside of the fuel price drop, import prices were flat, with mixed components. Analysts had expected overall import prices to fall by 3.1% after […]