US PPI for final demand dropped -0.1% mom in February, below expectation of 0.3% mom. Prices for goods dropped -0.2% mom while prices for services was down -0.1% mom. Prices less foods, energy, and trade services rose 0.2% mom.
For the 12 months ended in February, PPI slowed from 5.7% yoy to 4.6% yoy, below expectation of 5.1% yoy. Prices for final demand less foods, energy, and trade services advanced 4.4yoy .
