The numbers are out, and they’re good.
PPI showed a drop of 0.3% which was more than the 0.1% that was expected.
Retail sales jumped by 0.5%, which was ahead of the 0.3% that was expected.
Retail sales ex autos jumped 0.6%, well ahead of the 0.2% that was expected.
And Empire manufacturing came in at 0.61 vs. expectations of -2.00.
That’s also a big improvement from last month’s deep -8.48.
Markets are still notably lower, though off the lows a bit.
Original post: It’s been a data-light string of days we’ve had.
That changes now.
At 8:30 we get retail sales, PPI, and Empire Fed.
On each the estimates are:
- PPI: -0.1%
- Retail Sales +0.3%
- Empire Fed -2.00
We’ll have all the data live here.