US PPI for final demand rose 0.5% mom in April, matched expectations. PPI final demand for goods rose 1.3% mom, for construction dropped -4.0%, while for services was unchanged. For the 12-month period, PPI rose 11.0% yoy, down from 11.2% yoy, above expectation of 10.7% yoy.
PPI less foods, energy, and trade services rose 0.6% mom. For the 12-month period, PPI for less foods, energy, and trade services rose 6.9% yoy.
