US PPI up 0.3% mom in Jul, services rose 0.5% mom, goods rose 0.1% mom

US PPI for final demand rose 0.3% mom in July, above expectation of 0.2% mom. PPI services rose 0.5% mom while PPI goods edged up 0.1% mom. PPI ex-food, energy, and trade services rose 0.2% mom.

For the 12 months ended in July, PPI rose 0.8% yoy, above expectation of 0.7% yoy. PPI ex-foods, energy and trade services rose 2.7% yoy.

Full US PPI release here.