Consumer Sentiment

September 16, 2022 The preliminary estimate of consumer sentiment for September rose 1.3 points to 59.5 after having climbed 6.7 points in July..  The June level was the lowest on record and roughly comparable to the low levels reached in the 1980 recession. Surveys...

Industrial Production

September 15, 2022 Industrial production declined 0.2% after rising 0.5% in July.  In the past year production has risen 3.7%, and in the  most recent three-month period it continues to grow at a solid 3.7% pace. Breaking industrial production down into its three...

Retail Sales

September 15, 2022 Retail sales rose 0.3% in August after declining 0.4% in July. In the past year retail sales have climbed by 3.6%.  Consumers are still spending at a moderate pace but inflation is eroding their purchasing power (see discussion of real retail sales...

Producer Price Index

September 14, 2022 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 fell 0.1% in...

Consumer Price Index

September 13, 2022 The CPI rose 0.1% in August after having been unchanged in July after having jumped 1.3% in June and climbing 1.0% in May.  It rose 1.3% in 2020, and 7.1% in 2021.  The year-over-year increase now stands at 8.2% and we expect the CPI to increase...