No. 825: July Nominal Retail Sales, Producer Price Index, Consumer Conditions
Nominal Retail Sales Disappointed Expectations, Dropping by 0.04% (-0.04%) in July
July PPI Services Margins Declined by 0.27% (-0.27%),
Goods Prices Fell by 0.37% (-0.37%),
Construction Costs Plunged by 0.61% (-0.61%),
Total Final Demand PPI Was Down by 0.36% (-0.36%)
Yet, Across-the-Board Deflation Generally Is Not the Common Experience
In What Will Become an Increasingly Regular Pattern,
Initial Market Response to the Intensifying Economic Downturn
Will Be a Weaker Dollar and Higher Gold, Silver and Oil Prices