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Still No Inflation, But Economy Roaring

Still No Inflation, But Economy Roaring
US manufacturing industry’s share of nominal GDP
Image by U.S. Bureau of Economic Analysis

Economic data released this morning shows inflation in the United States continues to be under control while the underlying Main Street economy is booming.

NY Empire State Manufacturing Index (Jan) printed at 4.8 vs 3.55 consensus estimate.

Producer Price Index (YoY) (Dec) printed at estimates at 1.3%.

Producer Price Index (MoM) (Dec) printed at 0.1% vs 0.2% estimate.

Producer Price Index ex Food & Energy (YoY) (Dec) printed at 1.1% vs 1.3% estimate.

Producer Price Index ex Food & Energy (MoM) (Dec) printed at 0.1% vs 0.2% estimate.

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What’s Inside The U.S.-China Phase One Deal? January 16, 2020 at 5:03 pm

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