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Huge 6% Collapse in PPI Services Final Demand for Apparel, Jewelry, Footwear
Economists were shocked once again today. First, Retail Sales “Solidly” Flat, which we just covered. The Producer Price Index for Final Demand (PPI-FD) was the real shocker. Instead of rising 0.1% as expected by the Bloomberg Econoday consensus, it fell 0.4%. Highlights The burst higher for producer prices proved brief. The PPI-FD for July […]