Hey all - so Friday turned into quite a busy day for me. As most of you know, I'm still in Atlanta (until Monday evening) and I had a visitor swing by around lunchtime thereby causing me to only write two of my three economic pieces that I meant to, plus I attended a football game that night and forgot to post when I got back to my hotel.
Nevertheless, as it turns out, Seeking Alpha only published two of my three economic articles anyway so before the week starts, here are the two up online at the moment. Please click on the links below - the more views the better!
The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. Effective with the January 2014 PPI data release in February 2014, BLS transitioned from the Stage of Processing (SOP) to the Final Demand-Intermediate Demand (FD-ID) aggregation system. The headline PPI (for Final Demand) measures price changes for goods, services, and Calendar sold to final demand: personal consumption, capital investment, government purchases, and exports.
Industrial Production & Capacity Utilization
The Federal Reserve's monthly index of industrial production and the related capacity indexes and capacity utilization rates cover manufacturing, mining, and electric and gas utilities. The industrial sector, together with construction, accounts for the bulk of the variation in national output over the course of the business cycle. The production index measures real output and is expressed as a percentage of real output in a base year, currently 2007. The capacity index, which is an estimate of sustainable potential output, is also expressed as a percentage of actual output in 2007. The rate of capacity utilization equals the seasonally adjusted output index expressed as a percentage of the related capacity index.