(Updated from 8:40 a.m. ET)

The

producer price index for June fell 0.4% and came in weaker than economists expected.

According to

Reuters

, economists were looking for a decrease of 0.1%.

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Excluding the volatile food and energy sectors, the core PPI matched expectations, rising 0.1%, according to data from the

Labor Department

.

Retail sales in June rose 0.2%, the

Census Bureau's

data indicated. Economists were expecting sales to tick up 0.3%. Excluding auto sales, retail sales fell 0.2%, while the forecast called for an increase of 0.2%.