Economic Statistics for 15 Jan 16
Producer prices fell -0.2% in December, but prices less food and energy rose 0.1%, and prices less food, energy, and trade services rose 0.2%. On a year-over-year basis, the PPI is down -1.0% overall, but up 0.3% in both core categories.
December retail sales fell a disappointing -0.1% overall, -0.1% less autos, and were unchanged less autos and gas. 2015 was a lackluster year.
The Empire State Manufacturing Survey plunged from -4.59 to -19.37 in December, the lowest reading since 2009.
Industrial production declined -0.4% in December, while capacity utilization in the nation’s factories fell 0.5% to 76.5%.
Business inventories fell -0.2% in November, but a -0.2% drop in sales left the stock-to-sales ratio at 1.38.
The University of Michigan’s Consumer Sentiment index rose 0.7 points to 93.3.
Now that we’ve gotten a look at December sales and industrial production, GDP growth for the 4th quarter isn’t looking great.