U.S. Economic Indicators

The headline Producer Price Index (“PPI”) for final demand rose 0.1% in August and was up 1.8% from August of last year. The core — which removes volatile prices of food, energy, and trade services — rose 0.4% in August and was up 1.9% from a year ago. BLS Report

U.S. News

According to the Wall Street Journal, median American household income remained essentially flat in 2018 after three consecutive years of growth, according to recent figures from the U.S. Census Bureau. Income growth over the past 10 years has been weaker than expected given the tightness of the U.S. labor market, partly due to the ability of employers to hold down wages by adopting more technology and the declining share of workers in labor unions. WSJ

The Financial Times reports that pessimism about revenue prospects among U.S. companies operating in China is mainly due to concerns about the overall slowing of Chinese growth, rather than impacts from U.S. tariffs. The proportion of companies expecting revenue growth in China this year is down sharply, as Chinese growth slows to its lowest level since the early 1990s. FT