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US PPI unchanged in August

Friday, Sep 11 2015
The Producer Price Index for final demand was unchanged in August, seasonally adjusted. Analysts were forecasting 0.1% decrease. Final demand prices rose 0.2% in July and 0.4% in June. On an unadjusted basis, the final demand index moved down 0.8% for the 12 months ended in August, the seventh straight 12-month decline.
 
 
In August, a 0.4% increase in the index for final demand services offset a 0.6% decrease in prices for final demand goods. Within intermediate demand, prices for processed goods moved down 0.6%, the index for unprocessed goods fell 4.4%, and prices for services advanced 0.7%.
 
Data did not have any major impact on the markets. Euro is currently being traded around 1.1280 area, Sterling is few points above 1.5430 level, while Aussie is around 0.7060 area. Later today, Consumer Sentiment figures are scheduled for a release.
More in this category: « Output in UK construction industry unexpectedly fell in July Consumer Sentiment at a one-year low »

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