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.

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