Producer Price Index

February 16, 2024 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 0.3% in...

Homebuilder Confidence

February 15, 2024 Homebuilder confidence rose 4 points in February to 48, after climbing 7 points in January and 3 points in December.  Thus, confidence has risen 14 points in the past three months as mortgage rates have declined by a percentage point.   But keep in...

Industrial Production

February 15, 2024 Industrial production fell 0.1% in January after  having been unchanged in December..  January was a bad weather month which undoubtedly contributed the softness in production in that month.  It should rise more sharply in February.  In the past year...

Retail Sales

February 15, 2024 Retail sales declined 0.8% in January after having risen 0.4% in December.  In the past year retail sales have risen by 1.1%.  This sizable decline in January was a much bigger drop than most economists had expected.  After the fact, it seems likely...

Consumer Price Index

February 13, 2924 The CPI rose 0.3% in January after climbing 0.2% in December. The year-over-year increase is currently 3.1%.  We expect the CPI to increase 3.1% in 2024.  While the markets are convinced that inflation will continue to improve rapidly, that is...