Highlights of key economic statistics from last week compiled by Putnam Investments.
- The CPI rose 0.4% and core CPI increased 0.2% in September, the Bureau of Labor Statistics found.
- The Producer Price Index for final demand climbed 0.5% in September, the Bureau of Labor Statistics stated.
- Initial jobless claims fell by 36,000 to 293,000 in the week ended October 9, 2021, the Department of Labor stated.
- As of October 7, 2021, of the 21 S&P 500 Index companies reporting third-quarter earnings, 15 beat analysts’ estimates, according to S&P Dow Jones Indices.
- The University of Michigan’s index of consumer sentiment fell to 71.4 in October from 72.8 in September.
- The NFIB Small Business Optimism Index slipped in September.
- The ZEW Indicator of Economic Sentiment decreased in October.
- Germany’s wholesale prices rose 0.8% in September compared with August, according to the Federal Statistical Office.
- Euro area industrial production fell 1.6% in August compared with July, Eurostat reported.
- The yield on the 10-year Treasury note declined.
- Divergent vaccination rollout timelines and virus mutations risk could cause a shift from a synchronized global recovery to a more fractured regional, multispeed recovery.
- Global leverage, created by pandemic response packages, is at worrisome levels and will eventually need to be paid for.
- A shift from “just in time” to “just in case” inventory models could exacerbate supply chain concerns.
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