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US PPI increased 0.4% in May

Wednesday, Jun 15 2016
The Producer Price Index for final demand increased 0.4% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices rose 0.2% in April and declined 0.1% in March. On an unadjusted basis, the final demand index inched down 0.1% for the 12 months ended in May. In May, over 60 percent of the advance in the final demand index can be traced to prices for final demand goods, which climbed 0.7%. The index for final demand services moved up 0.2%. Prices for final demand less foods, energy, and trade services edged down 0.1% in May after rising 0.3% in April. 
Separate report, on Empire State Manufacturing Index showed that the June 2016 Empire State Manufacturing Survey indicates that business activity expanded modestly for New York manufacturers. The headline general business conditions index climbed fifteen points to 6.0. The new orders index and the shipments index rose from negative values to 10.9 and 9.3, respectively—a sign that orders and shipments were increasing after last month’s decline. The inventories index fell to -15.3, indicating that inventories were lower, and the employment index was zero, signaling that employment counts were unchanged. 
 
Euro is currently being traded few points above 1.1230 level, Sterling is around 1.42 handle, while Aussie is at 0.7390 area.
More in this category: « Eurozone Trade Balance recorded a €27.5 bn surplus Fed left interest rates unchanged »

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