U.S. Economic News
November 13, 2020
U.S. Economic Indicators
The headline Producer Price Index (“PPI”) for final demand rose 0.3% in October and is up 0.5% year-over-year. The core – which removes the volatile prices of food, energy, and trade services – rose 0.2% and is up 0.8% from a year ago. BLS Report
The University of Michigan Consumer Sentiment Index fell 4.8 points to 77.0 in the preliminary November reading and is down 19.8 points from November of last year. The Index of Consumer Expectations fell 7.9 points to 71.3, while the Current Economic Conditions Index edged down 0.1 point to 85.8. University of Michigan