{"id":1004092718,"date":"2014-03-17T05:34:59","date_gmt":"2014-03-17T13:34:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004092718"},"modified":"2022-12-04T00:54:26","modified_gmt":"2022-12-04T08:54:26","slug":"economy-watch-consumers-grumpier-ppi-drops-slightly","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-grumpier-ppi-drops-slightly\/","title":{"rendered":"Economy Watch: Consumers Grumpier; PPI Drops Slightly"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

The Reuters\/University of Michigan consumer sentiment index dropped a little more than expected for its mid-March reading, according to the university on Friday. The composite index was down 1.7 points at mid-month to 79.9, compared with 81.6 at the end of February, which wasn\u2019t much changed from 81.2 readings for both mid-month February and the end of January.<\/p>\n

Despite the tale-end of a hard winter, the current conditions component of the index actually showed some strength, rising 0.7 points to 96.1. The expectations component dragged the overall reading down, however, by dropping 3.3 points to 69.4. Perhaps the sagging job market was a reason, or maybe international tensions about the Ukraine.<\/p>\n

The consumer sentiment index is based on a University of Michigan’s Consumer Survey Center poll of 500 U.S. households each month. The university asks them about their financial condition, as well as their attitudes toward the economy. It\u2019s an indirect measurement of the economy, since people\u2019s spending habits are partly correlated with how positive or negative they feel about the economy.<\/p>\n

PPI Drops Slightly in February\u00a0<\/strong><\/p>\n

The Producer Price Index for \u201cfinal demand\u201d fell 0.1 percent in February, the Bureau of Labor Statistics reported on Friday. The decline followed advances of 0.2 percent in January and 0.1 percent in December. The BLS says that the February decrease can be traced to the index for services, which fell 0.3 percent. In contrast, wholesale prices for goods advanced 0.4 percent.<\/p>\n

Final demand includes goods, services, and construction which are sold for personal consumption, capital investment, government purchases, and export. The index for final goods without foods and energy rose 0.2 percent. Prices for food and energy moved higher, 0.6 percent and 0.5 percent, respectively.<\/p>\n

By contrast, the wholesale cost of apparel, footwear, and accessories fell 9.3 percent. The wholesale cost for machinery, equipment, and related parts and supplies; food and alcohol; automotive fuels and lubricants; and brokerage compensation for residential property transactions also declined.<\/p>\n

Wall Street had a down day on Friday, with the Dow Jones Industrial Average losing 43.22 points, or 0.27 percent. The S&P 500 was off 0.28 percent and the Nasdaq dropped 0.35 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Reuters\/University of Michigan consumer sentiment dropped 1.7 points mid-month, compared to the end of February. The Producer Price Index for \u201cfinal demand\u201d fell 0.1 percent in February.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004092718","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Consumers Grumpier; PPI Drops Slightly - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-grumpier-ppi-drops-slightly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Consumers Grumpier; PPI Drops Slightly\" \/>\n<meta property=\"og:description\" content=\"The Reuters\/University of Michigan consumer sentiment dropped 1.7 points mid-month, compared to the end of February. 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