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US PPI fell by 0.2%

Friday, Dec 12 2014

According to the latest release,  US PPI fell by 0.2%, missing market predictions on 0.1% decrease.  This decrease followed a 0.2% rise in October and a 0.1% decline in September. On an unadjusted basis, the index for final demand advanced 1.4% for the 12 months ended in November, the smallest 12-month increase since a 1.2% rise in February 2014. 

 

In November,  the 0.2% decline in final demand prices can be traced to the index for final  demand goods, which decreased 0.7%.  In contrast, prices for final demand services  advanced 0.1%.Within intermediate demand, prices for processed goods declined 1.0%, the index for unprocessed goods fell 1.3%, and prices for services moved up 0.3%.  Core PPI was unchanged in October, also missing market expectations on 0.1% raise. 

 

Data did not have any major impact on the markets. Euro is currently being traded slightly below 1.2450 area, Sterling is few points above 1.57 handle, while Aussie is near 0.8270 level. Later today, Consumer Sentiment figures will be released.

More in this category: « USD - Major events in the week ahead US Consumer Sentiment rose to an eight-year high »

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