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US PPI fell in line with market expectations

Tuesday, Mar 15 2016
The Producer Price Index for final demand fell 0.2% in February, seasonally adjusted, in line with market expectations. Final demand prices advanced 0.1% in January and declined 0.2% in December. On an unadjusted basis, the final demand index was unchanged for the 12 months ended in February. The decrease in the final demand index in February can be traced to prices for final demand goods, which moved down 0.6%. The index for final demand services was unchanged.
The index for final demand less foods, energy, and trade services inched up 0.1% in February after increasing 0.2% in both January and December. For the 12 months ended in February, prices for final demand less foods, energy, and trade services rose 0.9% the largest 12-month advance since a 0.9% increase in July 2015.  
 
Separate report on Empire State Manufacturing Index, showed increase to 0.6, well above expected incline to -10.3. The new orders and shipments indexes rose well above zero for the first time in several months, pointing to an increase in both orders and shipments. Price indexes suggested a slight increase in input prices and a small decline in selling prices. Labor market conditions were little changed, with employment and the average workweek holding fairly steady. The six-month outlook improved, with the index for future new orders rising to its highest level in more than a year. 
 
Euro is currently being traded few points above 1.1110 level, Sterling is around 1.4180 handle, while Aussie is at 0.7450 area.
More in this category: « Employment up by 0.3% in euro area US Retail Sales down by 0.1% »

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