Author: Zac Martin, Investment Associate
Week Ending September 12th – Inflated Expectations
NFIB Small Business Index for August climbed to 100.8 from 100.3 in July. The index remains above the 52-year average of 98, with the largest component increase being expectations around real sales. The uncertainty index declined by 4 points but remains above its historical average. Labor quality continues to rank as the top problem, with 21% reporting it as the single most important problem.
Consumer Price Index reaccelerated slightly for the August report, 2.9% up from 2.7% in July. However, the Consumer Price Index ex-Food & Energy remained unchanged.
Producer Price Index for August reported well below analyst expectations, 2.6% v. 3.3%.
The Week Ahead:
- Empire State Activity Index (9/15)
- Retail Sales (9/16)
- FOMC Meeting (9/17)
- Leading Economic Indicators (9/18)
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