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US PPI fell by 0.4% in April

Thursday, May 14 2015
The Producer Price Index for final demand fell 0.4% in April, seasonally adjusted, missing expectations on 0.1% increase. Final demand prices moved up 0.2% in March and decreased 0.5% in February. On an unadjusted basis, the index for final demand  declined 1.3% for the 12 months ended in April. In April, more than 70% of the decrease in final demand prices can be attributed to a 0.7% decline in the index for final demand goods. Prices for final demand services edged down 0.1%. 
 
Separate report on Unemployment Claims showed that in the week ending May 9, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 1,000 from the previous week's unrevised level of 265,000. Analysts were predicting incline to 274,000. The 4-week moving average was 271,750, a decrease of 7,750 from the previous week's unrevised average of 279,500. This is the lowest level for this average since April 22, 2000 when it was 266,750. 
 
 Data did not have major impact on the markets. Euro is currently being traded few points above 1.1410 level, Sterling is slightly below 1.58 handle, while Aussie is around 0.81 area. 
More in this category: « Euro testing 1.14 handle Is Aussie ready for an uptrend? »

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