December’s consumer and producer prices; retail sales, industrial production, & new home construction; November’s business inventories
Major agency reports that were released last week included the December Consumer Price Index , the December Producer Price Index , and the December Import-Export Price Index , all from the Bureau of Labor Statistics (BLS), the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November from the Census Bureau, the December report on Industrial Production and Capacity Utilization from the Fed, and the New Residential Construction report for December (pdf) from the Census Bureau… The week also saw the release of the first two regional Fed manufacturing surveys for January: the Empire State Manufacturing Survey from the New York Fed, which covers all of New York state, one county in Connecticut, Puerto Rico and northern New Jersey, reported their headline general business conditions index fell from +20.2 in November and from +2.1 in December to –12.6 in January, meaning that a significant plurality of Second District manufacturer...