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U.S. PPI rose by 0.5% in May

Friday, Jun 12 2015
The Producer Price Index for final demand rose 0.5% in May, seasonally adjusted. Analysts were expecting smaller incline by 0.4%. Final demand prices fell 0.4% in April and advanced 0.2% in March. On an unadjusted basis, the final demand index declined 1.1% for the 12 months ended in May, the fourth straight 12-month decrease. 
 
In May, the increase in the final demand index can be traced to prices for final demand goods, which rose 1.3%. The index for final demand services was unchanged.Within intermediate demand, prices for processed goods climbed 1.0%, the index for unprocessed goods jumped 3.3%, and prices for services fell 0.5%.
 
Despite the figures data did not have any major impact on the markets. Euro is currently being traded around 1.1260 area, Sterling is at 1.5570 level, while Aussie is few points above 0.7720 area.
More in this category: « Eurozone Industrial Production missed market expectations Consumer Sentiment increased to 94.6 »

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