Wholesale Prices Fall after January Record Drop.

PPI-FD – Wholesale Inflation (February 2015)

 
– PPI-FD month/month  -0.5%. Previous was -0.8%
– PPI-FD year/year  -0.7%. Previous was  -0.1%
– PPI-FD less food & energy month/month  -0.5%. Previous was -0.1%
– PPI-FD less food & energy year/year   1.0%. Previous was +1.5%
– PPI-FD less food, energy & trade services month/month +0.0%. Previous was -0.3%
– PPI-FD less food, energy & trade services year/year  +0.7%. Previous was +0.9.

January’s overall drop of 0.8% was the largest on record yet PPI continued to fall.

 
University of Michigan Consumer Sentiment (March 2014)

– Sentiment  91.2. Previous was 95.4.

Sentiment has been very poorly correlated lately with Consumer Spending which is what it is supposed to forecast.