Retail/PPI
Posted by WARREN MOSLER on July 14th, 2009
Karim writes:
Retail sales weaker than expected (especially in light of fact that May/June were peak months for consumer provisions in stimulus package)
- 0.6% headline; 0.3% ex-autos; -0.2% ex-autos and gasoline
PPI
- Headline up 1.8%; 0.5% core; driven by 3.4% gain in light truck prices; ex-vehicles, core unch
- Intermediate stage (1.9%/0.4%) and crude (4.6%/2.6%) largely driven by energy prices that have since reversed
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