The wholesale cost of U.S. goods and services posted the biggest decline in December in five months, another sign that lower gasoline prices have eased inflationary pressures in the economy
The producer price index dropped 0.2% last month. Economists polled by MarketWatch had predicted a 0.1% decline.
The increase in wholesale inflation over the past year was unchanged at 2.5%. The 12-month rate had hit a seven-year peak of 3.4% last July.
The wholesale cost of goods sank 0.4%.
The cost of energy, mostly gas, fell 5.4%.
Wholesale food prices rose 2.6%, however.
The cost of services slipped 0.1%.
A key measure of U.S. inflation was little changed in December while falling energy prices dragged down the broader gauge, giving the Federal Reserve little urgency to raise interest rates soon as it signals a more cautious approach in...
The U.K. economy continued to lose momentum in the three months through November as manufacturing slumped.
Growth slowed to 0.3 percent from 0.4 percent in the period through October, the Office for National Statistics said Friday. In...
Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are sustained.
Overall labor cash earnings increased 2 percent from a year ago, compared with a 1.5 percent gain in...
Expansion in U.S. service industries slowed by more than expected in December to end the year on a weaker note as measures of business and employment fell, though new orders remained strong.
The Institute for Supply Management's non-manufacturing...
The U.S. gained a whopping 312,000 new jobs in December to bring total employment gains in 2018 to a three-year high of 2.64 million.
Economists polled by MarketWatch had expected a gain of 182,000 nonfarm jobs. The unemployment rate rose to 3.9%...
A gauge of U.S. manufacturing plunged last month by the most since October 2008, a fresh sign of deceleration in the economy amid global strains across the sector.
The Institute for Supply Management index dropped to a two-year low...
China's December reading for the Caixin Manufacturing PMI slipped back into contractionary waters for the first time since May of 2017, printing at 49.7 versus the expected 50.1, while November's reading came in at 50.2.
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