PPI - released 8:30 am - posted 8:40 am

ppi_01_20_2010 -

Santelli vs. Liesman and the PPI - 9:25

PPI - 8:30

Full report here PRODUCER PRICE INDEXES - NOVEMBER 2009 The Producer Price Index for Finished Goods rose 1.8 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase followed a 0.3-percent advance in October and a 0.6-percent decrease in September. In November, at the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 1.4 percent, and the crude goods index rose 5.7 percent. On an unadjusted basis, prices for finished goods moved up 2.4 percent for the 12 months ended November 2009, their first 12-month increase since November 2008. (See table A.) SEE TABLE A AT LINK Stage-of-Processing Analysis Finished goods About three-fourths of the November advance in the finished goods index can be traced to higher prices for energy goods, which jumped 6.9 percent. The indexes for finished goods less foods and energy and for finished consumer foods also contributed to the finished goods increase, both rising 0.5 percent. Finished energy: The index for finished energy goods climbed 6.9 percent in November after advancing 1.6 percent a month earlier. About sixty percent of the broad-based November rise can be attributed to a 14.2-percent surge in gasoline prices. Increases in the indexes for liquefied petroleum gas and home heating oil also were major factors in the finished energy goods advance. (See table 2.) Finished core: The index for finished goods less foods and energy moved up 0.5 percent in November, its largest increase since a 0.5-percent gain in October 2008. Leading the November advance, the index for light motor trucks jumped 4.2 percent. Higher cigarette prices also contributed to the rise in the finished core index. Finished foods: The index for finished consumer foods advanced 0.5 percent in November, its second consecutive monthly increase. Over sixty percent of the November rise can be traced to higher prices for fresh and dry vegetables, which climbed 8.7 percent. Intermediate goods The Producer Price Index for Intermediate Materials, Supplies, and Components rose 1.4 percent in November, its fourth straight monthly advance. Accounting for about three-fourths of the broad-based November increase, prices for intermediate energy goods climbed 5.4 percent. The indexes for both intermediate goods less foods and energy and for intermediate foods and feeds also contributed to this advance, rising 0.3 and 0.7 percent, respectively. On a 12-month basis, prices for intermediate goods fell 1.6 percent in November. This is the fourth consecutive month of slowing year-over-year declines following a record 15.2-percent drop for the 12 months ended July 2009. (See table B.) Intermediate energy: The index for intermediate energy goods rose 5.4 percent in November, its second consecutive monthly increase. A major factor in the November advance was an 18.8-percent surge in jet fuel prices. The indexes for gasoline and liquefied petroleum gas also contributed significantly to higher intermediate energy goods prices. (See table 2). Intermediate core: Prices for intermediate materials less foods and energy increased 0.3 percent in November, their fifth increase in the last six months. The index for basic organic chemicals led the November advance, rising 4.3 percent. Higher prices for medicinal and botanical chemicals also were a factor in the intermediate core increase. Intermediate foods: The index for intermediate foods and feeds moved up 0.7 percent in November following two consecutive monthly declines. About forty percent of this advance can be attributed to prices for pork, which climbed 6.4 percent. Crude goods The Producer Price Index for Crude Materials for Further Processing increased 5.7 percent in November. For the 3-month period ending in November, crude material prices rose 9.1 percent after advancing 4.4 percent in the 3 months ending in August. In November, monthly increases of 12.2 percent in the index for crude energy materials and 2.6 percent for prices of crude foodstuffs and feedstuffs outweighed a 0.8-percent decrease in the index for crude nonfood materials less energy. (See table B.) Crude energy: The index for crude energy materials increased 12.2 percent in November. From August to November, this index rose 15.0 percent compared with a 12.6-percent rise in the 3 months ending in August. Accounting for about two-thirds of the monthly November increase, the index for natural gas jumped 25.5 percent. Higher prices for both crude petroleum and coal also contributed to the advance in the crude energy materials index. (See table 2.) Crude foods: Prices for crude foodstuffs and feedstuffs rose 2.6 percent in November. This index moved up 5.8 percent in the most recent 3-month period compared with a 7.1-percent decline in the previous 3-month period. In November, over sixty percent of the monthly increase in the crude foods index can be attributed to a 25.6-percent surge in prices for slaughter hogs. An advance in the fluid milk index also was a significant factor in the rise for crude foodstuffs and feedstuffs. SEE TABLE B AT LINK Services Analysis Trade industries: The Producer Price Index for the Net Output of Total Trade Industries moved up 1.3 percent in November after no change in the previous month. (Trade indexes measure changes in margins received by wholesalers and retailers.) The November increase was led by a 36.5-percent rise in the margin index for gasoline stations. Higher margins received by merchant wholesalers of durable goods and general merchandise stores also contributed to the advance in the total trade industries index. Transportation and warehousing industries: The Producer Price Index for the Net Output of Total Transportation and Warehousing Industries rose 0.5 percent in November, its second consecutive monthly increase. About seventy percent of the November advance can be traced to a 1.8-percent rise in prices received by the air transportation industry group. The indexes for long-distance general freight trucking (by the truckload) and specialized freight trucking also moved up in November. Traditional service industries: The Producer Price Index for the Net Output of Total Traditional Service Industries declined 0.1 percent in November after advancing 0.5 percent in October. Two-thirds of this decline can be attributed to prices received by general and medical surgical hospitals, which fell 0.5 percent. The industry indexes for non-casino hotels and motels and for passenger car rental also decreased in November. See link for formatted tables

PPI - 8:30am

Full report here PRODUCER PRICE INDEXES - SEPTEMBER 2009 The Producer Price Index for Finished Goods declined 0.6 percent in September, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease followed a 1.7-percent rise in August and a 0.9-percent decline in July. In September, at the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.2 percent and the crude goods index fell 2.1 percent. On an unadjusted basis, from September 2008 to September 2009, prices for finished goods fell 4.8 percent, the tenth consecutive month of year-over-year declines. (See table A.) More at link with formatted tables

PPI - 8:30am

Full report here Producer Price Indexes - July 2009 The Producer Price Index for Finished Goods declined 0.9 percent in July, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease followed advances of 1.8 percent in June and 0.2 percent in May. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 0.2 percent in July after rising 1.9 percent in the prior month, and the crude goods index fell 4.5 percent following a 4.6-percent increase in June. (See table A.) The downturn in finished goods prices was broad based. The index for energy goods fell 2.4 percent in July after climbing 6.6 percent a month earlier, prices for consumer foods decreased 1.5 percent following a 1.1-percent advance in the previous month, and the index for goods other than foods and energy edged down 0.1 percent compared with a 0.5-percent rise in June. More at link with tables I cannot format

PPI and Retail Sales - 9:03AM

PPI numbers - full report here. The Producer Price Index for Finished Goods rose 1.8 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This advance followed increases of 0.2 percent in May and 0.3 percent in April. At the earlier stages of processing, prices received by producers of intermediate goods climbed 1.9 percent in June after moving up 0.3 percent in the preceding month, and the crude goods index increased 4.6 percent following a 3.6-percent rise in May. (See table A.) The June acceleration in finished goods prices was broad based. The index for energy goods jumped 6.6 percent after advancing 2.9 percent in the prior month, prices for consumer foods increased 1.1 percent following a 1.6-percent drop in May, and the index for goods other than foods and energy rose 0.5 percent in June after edging down 0.1 percent in the previous month.

---

Full report here ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES June 2009 The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $342.1 billion, an increase of 0.6 percent (±0.5%) from the previous month, but 9.0 percent (±0.7%) below June 2008. Total sales for the April through June 2009 period were down 9.6 percent (±0.5%) from the same period a year ago. The April to May 2009 percent change was unrevised from 0.5 percent (±0.3%). Retail trade sales were up 0.8 percent (±0.7%) from May 2009, but 10.0 percent (±0.7%) below last year. Gasoline stations sales were down 31.6 percent (±1.5%) from June 2008 and motor vehicle and parts dealers sales were down 14.1 percent (±2.5%) from last year. The advance estimates are based on a subsample of the Census Bureau’s full retail and food services sample. A stratified random sampling method is used to select approximately 5,000 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms. Responding firms account for approximately 65% of the MARTS dollar volume estimate. For an explanation of the measures of sampling variability included in this report, please see the Reliability of Estimates section on the last page of this publication.

---

One more thing. Stay far away from your TV. The cheerleaders on CNBC are slobbering so bad after the Goldman earnings there is spit running out of the TV. CNBC - you are nothing but shills for the Wall Street banks - and you suck.