WASHINGTON — U.S. retail sales declined in September and prices paid by businesses also fell, worrisome signs that consumer demand may be faltering while inflation is failing to gain traction.
The two reports on Wednesday could deepen concerns at the U.S. Federal Reserve over the readiness of the economy to absorb interest rate hikes planned to begin in the middle of next year.
How much did it cost the producer of the goods you see for sale at a retailer to actually make those goods? The answer is "it depends," and what the real answer depends upon is how much of a markup has been put on the goods at each step of their journey as they have gone from the producer to the store where you can buy it.
Canadian fertilizer company Agrium Inc reported on Tuesday a sharply lower third-quarter profit and a disappointing forecast for the current fourth quarter.
Uncertainty in fertilizer markets, combined with a late North America growing season caused many buyers to delay crop nutrient purchases, said Chief Executive Mike Wilson.
WASHINGTON — The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.
Other data on Thursday showed a spike in the cost of gasoline pushed up producer prices last month, but the lack of broad price pressures gives the Federal Reserve scope to maintain its very accommodative monetary policy stance even as the job market strengthens.
US retail sales rose broadly in October, suggesting the economy started the fourth quarter with some vigor, and the first drop in wholesale prices in four months pointed to subsiding inflation pressures.
Is the worst over for the Eurozone? That's what the ECB and heads of state said at the recent economic summit in Davos.
I offer some economic reality.
Eurozone Sales Collapse 15th Month and Wholesale Prices Soar
The Markit Eurozone Retail PMI® shows Eurozone retail sales downturn extends to fifteenth month in January
MONTREAL — Gildan Activewear Inc. has a television commercial running at the moment that shows a young man sitting at the front of a roller coaster as it climbs up for its first drop.
Clearly apprehensive about what’s to come, the mop-haired lad takes off his pants and holds up his prized, white-coloured briefs as he steels himself for the harrowing descent. The advertisment’s kicker: “It’s about time you had a favourite pair of underwear.”
Once again there is grim data from Europe. The safe thing to do is expect grim data every time European data is reported. Except for an occasional outlier, you will not be too far off.
Eurozone Retail Sales Decline 15th Month
Markit Reports Eurozone retail downturn deepens in August