HomeLive CommentsUS PPI down -0.1% mom, up 8.9% yoy in Aug

US PPI down -0.1% mom, up 8.9% yoy in Aug

ActionForex
By ActionForex

US PPI for final demand dropped -0.1% mom in August, matched expectations. The decreased is attributable to a -1.2% mom decline in prices for goods, while prices for services rose 0.4% mom. For the 12 months ended in August, PPI slowed from 9.8% yoy to 8.7% yoy, below expectation of 8.9% yoy.

PPI for final demand less foods, energy and trade services rose 0.2% mom, 5.6% yoy.

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