December 28, 2018

It was a light week for economic news last week. The Conference Board did release December numbers for Consumer Confidence which came in at a reading of 128.1 verses 136.4 for November. Two components of the report showed consumers rate the Present Situation at 171.6 verses Expectations six months forward at 99.1. This is one of the widest gaps between the two numbers on record. The December Chicago Purchasing Manger survey came in at 65.4 for December. Still strongly in expansionary territory as 50 is the baseline for neither expansion nor contraction within the sector. Initial jobless claims for the week of December 15 continue to remain historically low at 216,000 claims filed.
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December 14, 2018

Final Demand Producer Prices increased at 0.1% for November and 2.5% for the year ended November. Core Producer Prices were up 2.7% for the year ended November. Consumer Prices were flat in November, and up 2.2% year-over-year (both regular and core CPI). Industrial Production was up 0.6% for November, with Capacity Utilization at a healthy 78.5%.
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