Economic Data Pours In Reporting Retail Sales, PPI and Industrial Production
- U.S. retail sales fell by -0.3% marking the first decline since March; jobless claims also rose last week by 1,000 to 260,000 which was less than the expected rise of 3,000. BBC
- The producer price index did not change from the -0.4% decline from the prior month failing to add price pressure the Federal Reserve is looking for. Bloomberg
- Industrial production fell a seasonally adjusted annual rate of -0.4% adding to the already reported unfavorable economic figures of the day. The Wall Street Journal