U.S. Producer Prices Rise 0.6% in April
Wall Street Journal
(05/14/14) Sarah Portlock; Josh Mitchell
The producer-price index increased a seasonally adjusted 0.6% in April from March, according to the U.S. Department of Labor. Not counting the volatile food and energy categories, prices rose 0.5% in April from a month earlier. Economists polled by the Wall Street Journal
had forecast a 0.2% increase in both overall prices and in prices excluding food and energy.
Consumer Restraint Weighed on Retail Sales
Wall Street Journal
(05/14/14) Jonathan House
U.S. retail activity slowed last month, with sales in April increasing just 0.1% from the previous month to reach $434.6 billion, according to the U.S. Department of Commerce. March had seen the biggest jump in four years, 1.5%, likely due to warming temperatures after unusually harsh weather nationwide in January and February, and retail sales growth has averaged 0.3% during the past five months.
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