
The United States producer tag index (PPI) fell 0.5% for the month, which was far more than the 0.1% decline estimated by economists surveyed by Dow Jones. The most tantalizing month-to-month decline since April 2020 was also aided by a tantalizing fall in energy costs.
Yet every other account confirmed that the retail gross sales files dropped 1.1% in December, a tad bit more than the predicted 1% lower.
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