Retail Sales

December 13, 2019 Retail sales rose 0.2% in November after rising 0.4% in October.  During the past year retail sales have risen 3.5%. Sometimes sales can be distorted by changes in autos and gasoline both of which can be quite volatile.  In this particular instance...

M-2

December 12, 2019 Growth in the M-2 measure of the money supply  has been steadily slowing and is now growing at a 7.2% pace. To know whether that rate is too fast or two slow, the Fed needs to look at the relationship between growth in the money supply and growth in...

Producer Price Index

December 13, 2019 .The Producer Price Index for final demand – intermediate 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...

Initial Unemployment Claims

December 12, 2019 Initial unemployment claims rose 49 thousand in the week ending December 7 to 252 thousand.  The four-week average of claims rose 6 thousand to 224 thousand.  The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...

Gasoline Prices

December 11, 2019 Gasoline prices at the retail level  fell $0.02 in the week ending December 9 to $2.56 per gallon.  In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.31. The Department of Energy expects national gasoline...

Consumer Price Index

December 11, 2019 The CPI rose 0.3% in November after having jumped 0.4% in October.  During the past year the CPI has risen 2.0%. Food prices rose 0.1% in November after having fallen 0.2% in October  Food prices have risen 1.9% in the past twelve months.  These...