Economic Data Review – May 15, 2025

Today's economic data from the U.S. was significantly softer than expected, indicating a weakening of inflationary pressures and a slight slowdown in consumer activity:

* PPI MoM (Apr): -0.5% (vs 0.2% forecasted)

* Core PPI MoM (Apr): -0.4% (vs 0.3% forecasted)

* Retail Sales MoM (Apr): 0.1% (vs 0.0% expected, but notably lower than the previous 1.7%)

* Initial Jobless Claims: 229K (in line with consensus, but above the forecast of 220K)