Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: zonder who wrote (249806)	7/14/2003 7:04:55 AM
From: Giordano Bruno	Read Replies (1) of 436258

Actually only caffeine. But there is that full moon. -bg- The producer-price index for finished goods rose by a larger-than-expected 0.5% last month, on a seasonally adjusted basis. The increase was due largely to a 3.4% rise in energy prices. However the closely watched core index -- excluding food and energy items -- fell 0.1%, the fifth drop in eight months. Meanwhile, the U.S. trade deficit widened by $190 million to $41.84 billion in May as demand for foreign cars rose. U.S. exports rose for the first time in three months, increasing 0.9%. But imports grew nearly as fast, increasing 0.7% despite a big drop in oil prices. The numbers highlighted persistent strains on the U.S. economy and the downward pressure on prices that has come with those strains, analysts said. "What we're picking up from the PPI numbers is rising costs amid a lack of pricing power," said John Lonski, an economist with Moody's Investors Service in New York. "It suggests a squeeze on profit margins, which does not favor a recovery in capital spending." online.wsj.com Comments Miss Zonder?

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