by sslifer | Feb 14, 2025 | NumberNomics Notes, Retail Sales
February 14, 2025 Retail sales fell 0.9% in January after having risen 0.7% in December and 0.7% in November. In the past year retail sales have risen 4.1%. The markets had expected no change in January. It appears that the wildfires in California that raged from...
by sslifer | Feb 13, 2025 | Inflation, NumberNomics Notes
February 13, 2025 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.4% in...
by sslifer | Feb 12, 2025 | Inflation, NumberNomics Notes
February 12, 2025 The CPI rose 0.5% in January after rising 0.4% in December, and 0.3% in November. The year-over-year increase is 3.0%. We now expect the overall CPI to increase 3.4% in 2025. The January increase was larger-than-expected. Part of the sizeable...
by sslifer | Feb 11, 2025 | Miscellaneous, NumberNomics Notes
February 11, 2025 . Small business optimism declined 2.3 points in January to 102.8 after rising 3.4 points in December and having jumped 8.0 points in November. The level is finally above the 40-year average so-called breakeven point for this series which is 98.0....
by sslifer | Feb 7, 2025 | Commentary for the Week, NumberNomics Notes
February 7, 2025 This past week we learned about wild swings in employment the past three months combined with a steady decline in the workweek which does not seem to make a lot of sense. The Bureau of Labor Statistics said that the wildfires in California and the...
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