US PPI rose by 0.2%

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Tuesday, Nov 18 2014

The Producer Price Index for final demand rose 0.2% in October, seasonally adjusted, beating expectations on 0.1% fall. This increase followed a 0.1% decline in September and no change in August. On an unadjusted basis, the index for final demand advanced 1.5% for the 12 months ended in October, the smallest 12-month increase since a 1.2% rise in February 2014.

Core PPI increased by 0.4%. Analysts were anticipating 0.2% incline. In October, the 0.2% rise in final demand prices can be traced to the index for final demand services, which advanced 0.5%. In contrast, prices for final demand goods moved down 0.4%. Within intermediate demand, prices for processed goods declined 0.9 percent, the index for unprocessed goods fell 2.4%, and prices for services inched up 0.1%. After the data USD initially rose, it almost immediately pulled back with euro currently traded around 1.2520 level, Sterling is few points above 1.5950 area, while Aussie is slightly above 0.8720 level. Later today, NAHB Housing Market Index figures are scheduled for release.

Last modified on Tuesday, 18 November 2014

More in this category: « UK CPI increased by 1.3% Aussie slightly higher after RBA Meeting Minutes »

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