3 Strong Pieces Of Economic Data Just Came Out

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us