Economics Group: Weekly Economic & Financial Commentary
U.S. Review
Consumer Spending Leading the Charge in Q4
- Retail sales posted an impressive 0.7 percent increase in November following an upwardly revised 0.5 percent increase for October. The jump in sales was the strongest monthly reading in eight months.
- On the inflation front, import prices fell 1.5 percent in November pulled down by the continued slide in oil prices. The producer price index also fell for the month, declining0.2 percent.
- Data on business inventories posted a slight rise in October suggesting only a slight contribution from inventory building in the fourth quarter.
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Wells Fargo Weekly Economic & Financial Commentary — December 12, 2014
Tags: economy