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US PPI decreased by 0.3%

Thursday, Jan 15 2015
The Producer Price Index for final demand fell 0.3% in December, seasonally adjusted, in line with market forecasts. Final demand prices decreased 0.2% in November and advanced 0.2% in October. On an unadjusted basis, the index for final demand increased 1.1% in 2014 after rising 1.2% in 2013.
 
In December, the 0.3% decline in the final demand index can be traced to a 1.2% drop in prices for final demand goods. In contrast, the index for final demand services moved up 0.2%.Within intermediate demand, prices for processed goods fell 1.7% the index for unprocessed goods moved down 5.0%, and prices for services were unchanged. 
 
Separate report on Unemployment Claims missed market expectations on an increase to 299,00 and showed that in the week ending January 10, the advance figure for seasonally adjusted initial claims was 316,000, an increase of 19,000 from the previous week's revised level. The 4-week moving average was 298,000, an increase of 6,750 from the previous week's revised average. 
 
Data did not have any major impact on the markets, with USD gaining few points. Euro is currently being traded at 1.17 handle, Sterling is few points above 1.5240 level, while Aussie is around 0.8250 area. Later today, Philly Fed Manufacturing Index figures will be released. 
More in this category: « Empire State Manufacturing Index rose more than expected Aussie slightly higher in tighter-range Friday's session »

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