Economics Group: Weekly Economic & Financial Commentary – U.S Review
Oil Price Declines Influence Economic Data
- Retail sales posted a larger-than-expected drop in December. We attribute the bulk of the decline to much lower inflation, however, the broad-based nature of the pullback remained a bit concerning but should not derail Q4 GDP growth.
- NFIB’s small business optimism index reached a new post-recession high as more firms reported that now is a good time to expand.
- Data on three inflation measures pointed to continued easing of inflation pressures as oil price declines pulled down the headline readings for import prices, producer prices and consumer prices.
Follow the link below for the full report.economy