Wholesale Prices Fall after January Record Drop.
PPI-FD – Wholesale Inflation (February 2015)
– PPI-FD month/month -0.5%. Previous was -0.8%
– PPI-FD year/year -0.7%. Previous was -0.1%
– PPI-FD less food & energy month/month -0.5%. Previous was -0.1%
– PPI-FD less food & energy year/year 1.0%. Previous was +1.5%
– PPI-FD less food, energy & trade services month/month +0.0%. Previous was -0.3%
– PPI-FD less food, energy & trade services year/year +0.7%. Previous was +0.9.
January’s overall drop of 0.8% was the largest on record yet PPI continued to fall.
University of Michigan Consumer Sentiment (March 2014)
– Sentiment 91.2. Previous was 95.4.
Sentiment has been very poorly correlated lately with Consumer Spending which is what it is supposed to forecast.