Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

PPI Core Up .1 Pct; Housing Starts Improve in February

Government data just released moments ago show the producer price index rose .1 percent for the month of February, slightly above analysts' expectations. The index, released by the Labor Department, measures the wholesale price of goods. The slight increase last month follows a .8 percent decline in January and a 1.9 percent decline in December. The increase was led by rising energy prices and finished goods, despite continued downward pressure on food prices.

In other news, government data shows that the number of housing starts unexpectedly bumped up more than 22 percent last month to 583,000 units, well above the January number of 477,000 units.

--Sara Goo

By Sara Goo  |  March 17, 2009; 8:49 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Cuomo Joins Fight Against AIG Bonuses, Delivers Subpoenas
Next: Markets Open Down Slightly

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company