Prior +0.2%PPI -1.4% vs -1.0% y/y expectedPrior -0.8%
A fall in energy prices was the main drag as if you exclude that, producer prices were seen down just 0.1% on the month. Looking at the details, there were declines for prices for intermediate goods (-0.2%) while capital goods and durable consumer goods were unchanged. Meanwhile, the prices for consumer goods in general were seen up (+0.2%).
This article was written by Justin Low at www.forexlive.com.
