Tuesday, January 15, 2008

Retail Sales Disappoint, PPI Down 0.1%

December retail sales fell 0.4% and ex-autos, sales also dropped 0.4%. Details from Yahoo finance...

The Producer Price Index fell 0.1% in December, less than a projected 0.2% rise. The core rate, which excludes food and energy, increased 0.2%, while food prices rose 1.3%. More from Bloomberg...

The Empire State Manufacturing Index fell to 9.0 in January from 9.8 in December. Prices paid rose slightly to 40.24. Analysts had forecast a reading of 10.0.