The story was cheap moncler coats mens energy it was down four
February 16, 2014by JADC TEAMUncategorized0
producer prices rise
producer best moncler jackets prices rose for the third month in a row in December, increasing by 0.2 percent on a surge in food prices and recording their largest year on year gain since October 2008, according to a government report moncler sale online on Wednesday. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single family dwellings, a government report showed on Wednesday.
KEY POINTS: CPI The annual gain of 4.4 percent, though, was slightly below analyst expectations of a 4.5 percent increase. On moncler outlet woodbury a month on month basis, analysts polled by Reuters had anticipated monthly prices paid at the farm and factory gate to remain unchanged in December. The Labor Department said core prices, which exclude food and energy, were steady in December. Analysts had expected a 0.1 percent gain.
HOUSING The moncler womens jackets Commerce Department said housing starts fell 4 percent to a seasonally adjusted annual rate of 557,000 units. Analysts polled by Reuters had expected housing starts to rise to 580,000 units. November housing starts were revised upwards to 580,000 units from the previously reported 574,000 units. The drop in housing starts was likely the result of unusually cold weather last month. Groundbreaking activity dropped a record 38.8 percent to an all time low of 553,000 units for the whole of 2009. Starts for single family homes fell 6.9 percent last month to an annual rate of 456,000 units after rising 4.0 percent in uk moncler sale November. Groundbreaking for the volatile multifamily segment rose 12.2 percent to a 101,000 unit annual pace, after surging 69.8 percent in November.
ANNA PIRETTI, SENIOR ECONOMIST, BNP PARIBAS, NEW YORK: I would say core moncler uk outlet inflation pressures are very contained. Capital equipment prices moncler outlet are still very contained, there was weakness in trucks. Overall I think consumer demand for discretionary items is still weak.
not likely to see big increase in manufacturing prices going forward. So again, that goes with the contained PPI story. I would think inflationary pressures are weak going forward at different stages of the pipeline.
one risk we likely to see is food prices. There was strength of food prices in December. We have seen a string of increases at all stages in import prices. moncler sale outlet This is part of moncler online store the correction that we seeing.
obviously had a surge in food prices in 2008, a big dollar correction in 2009 and now we actually correctly back on the upside. We likely to see an ongoing upward trend. This is going to be one of the stories supporting the headline going forward. But ex food and energy, there no pressure, no worries.
JAMIE COX, MANAGING PARTNER, HARRIS FINANCIAL GROUP, COLONIAL
HEIGHTS, VIRGINIA: real surprise to me was the permits data, showing permits were way up. If you are a forward looking person you have to be just a little bit positive for the housing market.
TOM SOWANICK, CHIEF INVESTMENT OFFICER, THE OMNIVEST GROUP,
PRINCETON, NEW JERSEY: was a cheap moncler sale smidge better than expected but it up considerably from the moncler outlet online preceding month. Most of that, if not all, is energy related. Unfortunately, if energy is going up and the cost of producing is going up, then costs have to be moncler outlet prices absorbed by the consumer. This number is neither good or bad for stocks it all about earnings.
CRAIG THOMAS, SENIOR ECONOMIST, PNC FINANCIAL SERVICES GROUP,
PITTSBURGH: are producing far fewer new houses than we are new households, and this pace of construction is healthy in terms of getting the moncler outlet store supply and demand balance back together.
get about 1.1 to 1.2 million new households every year, so if permits are edging up it likely reflects improving confidence among both home moncler sale buyers and builders. moncler usa data is a little bit mixed today. But inflation doesn really matter. What the market is focusing on is the housing number. It not a great number but I think the worst in the housing sector is already behind us. What this goes to show is that the housing market is stabilizing but not stalling. Overall, the data should be dollar constructive because of the high risk aversion in the market given the China news. economy is still doing much better than Europe and that why we going to see the dollar do well against the euro.
MICHELLE MEYER, ECONOMIST, BARCLAYS CAPITAL, NEW YORK, NEW
YORK: first glance housing starts were disappointing. But, they were offset by a huge jump in building permits. The data is suggestive of a continued gain in housing construction over the next several months. The data, however, is volatile, especially due to the huge swings in the moncler outlet multifamily sector. Housing construction is clearly on cheap moncler jackets an uptrend from unsustainable low levels, but there is also uncertainty over the impact of the tax credit. Housing construction should continue to add to GDP growth and the recovery in construction should help bring back some of the lost construction jobs.
TOM SIMONS, MONEY MARKET ECONOMIST, JEFFERIES CO., cheap moncler jackets mens NEW YORK:
PPI came in relatively cheap moncler jackets womens close to expectations. The story was cheap moncler coats mens energy it was down four tenths of a percent. I think foods was up a little bit more than expected. Overall, I don see anything in here that creates any kind discount moncler jackets of immediate concern for inflation.
was a big pop in building permits, which presents some good prospects for a recovery in housing starts down the road. It encouraging to see https://www.monclerdownjacket.biz any kind of positive element to the data there. I think those building permits rising presents some good prospects for growth in the economy.
don think either of these data releases changes the Fed story.
don know if the data this morning has a whole lot of an effect on the market. We at kind of an awkward period now trying to set up for next week auctions and of course the FOMC meeting is in the moncler outlet sale middle of all of that.
of these came in wildly off expectations either so I think they being pretty easily digested.
MARK PAWLAK, MARKET STRATEGIST, KEEFE, BRUYETTE WOODS, NEW
YORK: a wash between uk moncler outlet housing starts, permits and the upward revisions. PPI is also a bit of a wash between the headline and core readings. I think the (bond) market is paying more attention with the stock index futures being lower, partly due to the Bank of America results. We are seeing some unwinding of yesterday trades.
DAN COOK, SENIOR MARKET ANALYST, IG MARKETS, CHICAGO: kind of a mixed message as far as the housing market goes. There was a big surge in building permits, which suggests optimism, but the starts dropped. That mixed as far as I concerned. I don know what the market will make of that, especially with earnings out.
also don expect a big market impact from PPI, which was pretty much in line. Again, a mixed message, which I think we hear more of in other data that still to come.