PPI for April dropped by 0.5%, signaling a slowdown in consumer spending

From Nasdaq: 2025-05-15 11:25:00

This morning, key economic data was released, including Weekly Jobless Claims, PPI, Retail Sales, and surveys. Fed Chair Powell spoke of imminent changes due to expected inflation volatility. Pre-market futures initially dropped but have slightly improved.

PPI numbers for April were -0.5%, the lowest in 5 years, with core PPI also seeing a significant drop. Retail Sales for April were in line with estimates at +0.1%, showing a decline from March. This indicates a slowdown in consumer spending.

Weekly Jobless Claims remained steady, with 229K new claims and 1.81 million continuing claims. The Empire State and Philly Fed surveys reported modestly negative figures, showing a slight decline in productivity and manufacturing.

Q1 earnings reports for Walmart, Alibaba, and Deere & Co. were released. Walmart outperformed estimates, while Alibaba had mixed results with concerns about demand. Deere & Co. surpassed expectations on both top and bottom lines, leading to a +5% increase in share price.

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Read more at Nasdaq: PPI Declined More Than Expected