US PPI up by 0.2% in July

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Friday, Aug 14 2015

The Producer Price Index for final demand advanced 0.2% in July, seasonally adjusted. Analysts were anticipating 0.1% increase. Final demand prices rose 0.4% in June and 0.5% in May. On an unadjusted basis, the final demand index moved down 0.8% for the 12 months ended in July, the sixth straight 12-month decline.

In July, the increase in the final demand index can be traced to prices for final demand services, which climbed 0.4%. In contrast, the index for final demand goods edged down 0.1%. Within intermediate demand, prices for processed goods moved down 0.2%, the index for unprocessed goods fell 2.9%, and prices for services advanced 0.2%.

After the data USD was pushed higher against its major rivals. Euro is currently being traded around 1.1150 area, Sterling is few points above 1.5610 level, while Aussie is around 0.7370 level.

More in this category: « Eurozone GDP rose by 0.3% Consumer Sentiment decreased for second month in row »

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