Price and Construction Numbers Point to Swamp

(CN) - A pair of economic reports Tuesday suggest a worldwide economy that is not rebounding quickly and, if anything, may be entering an economic swamp of deflation and stagnation. The U.S. wholesale price index declined 0.6 percent in September after a 1.7% rise in August and a 0.9% decline in July. A European Union report was similarly gloomy with a construction sector that shrank 0.5% in the EU as a whole in August, after a similar 0.5% drop in July.

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