Supply Chain Stress Monitor - 2023-01-17

Date: 
Wednesday, January 18, 2023
Summary: 

Bad month for headline retail sales (but ex-auto and gas they were unchanged, and inventories have been falling in proper anticipation for several months). The more exciting new is the surprising drop in the Producer Price Index. We've updated last week's Data Insights: CPI/PPI to reflect that (click here for the update).