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Aug 18, 2009. 8:30
The Producer Price Index for July that made a month-over-month decrease of 0.9%. That was short of the 0.3% decline that had been expected and was down from the 1.8% increase registered in June. Excluding food and energy, which are often more volatile, producer prices decreased 0.1%. They were expected to increase 0.1% following the 0.5% increase in June. Separately, housing starts hit an annualized rate of 581,000 in July. That was short of the annualized rate of 599,000 that had been widely expected. Housing starts for June were revised modestly higher to reflect an annualized rate of 587,000. Meanwhile, building permits for July hit a rate of 560,000. They were expected to come in at a rate of 577,000 after the previous month's figure was revised upward to 570,000.
From briefing.com |
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