US PPI for final demand rose 0.2% mom in April, below expectation of 0.3% mom. 80% of the rise in PPI attributable to a 0.3% mom increase in prices for services. The index for goods advanced 0.2% mom. Prices for final demand less foods, energy, and trade services rose 0.2% mom.
For the 12 months ended in April, PPI slowed from 2.7% yoy to 2.3% yoy, above expectation of 1.4% yoy. PPI less foods, energy, and trade services slowed from 3.4% yoy to 3.2% yoy, above expectation of 2.7% yoy.
