December Producer Price Index dips 0.1 percent but up 2.6 percent for all of 2017
The Producer Price Index for final demand fell 0.1 percent in December, after rising 0.4 percent in both November and October. On an unadjusted basis, the final demand index climbed 2.6 percent in 2017 after a 1.7-percent rise in 2016.
Bloomberg Consumer Comfort Index rises to best reading since March 2001 to start 2018
The weekly Consumer Comfort Index rose to 53.5, the best reading since March 2001. The improvement in sentiment at the start of the new year shows Americans are optimistic about economic conditions as unemployment remains at the lowest since 2000 and stocks continue to rally.
Initial unemployment claims rise 11,000 on post-holiday surge in latest report
In the week ending January 6, initial unemployment claims were 261,000, an increase of 11,000 from the previous week’s unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week’s unrevised average of 241,750.