Economic Report Summary – Week ending 2/21/14
Consumer Prices grew by 1.6% on an annualized basis in January, compared with the previous month’s annual rate of 1.5%. Meanwhile, Core CPI, which excludes food and energy, rose 1.6% annually in January. Producer Prices rose 1.2% year-over-year in January, while Core PPI grew 1.3%.
The Markit Flash Manufacturing PMI rose 3 points to a level of 56.7 in February, marking the fastest overall improvement since May 2010.
The NY Empire State Index dropped from 12.51 to a level of 4.48 in February.