The Weak Ahead – PPI, CPI, Retail Sales, Industrial Production and Leading Indicators – Oh My!
May 13, 2024 at 06:59 AM EDT
Lots of dangerous data this week. First of all, let’s talk about Friday, when the University of Michigan Consumer Sentiment survey plunged to 67.4 in May, down from 77.2 in April. Leading Economorons were expecting a reading of 76, so that’s a 12.7% monthly drop! What’s got consumers feeling so low? Inflation! That pesky little […] Source
