January’s producer prices; December’s construction spending, factory inventories, and wholesale trade
Major economic reports released the past week included the Producer Price Index for January , and three December reports that included metrics that were only estimated in last week’s 4th quarter GDP release: the November and December reports on Construction Spending , the Full Report on Manufacturers’ Shipments, Inventories and Orders for December , and the December report on Wholesale Trade, Sales and Inventories , with all of those from the Census Bureau…. In addition, last week also saw the release the last three regional Fed manufacturing surveys for February: the Kansas City Fed manufacturing survey for February , covering western Missouri, Colorado, Kansas, Nebraska, Oklahoma, Wyoming and northern New Mexico, reported its broadest composite index rose to 5 in February, up from 0 in January and 0 in December, indicating that a small plurality that region’s manufacturers saw improving business conditions in February; the Richmond Fed Survey of Manufacturing Activity , covering a...