Prior month 1.7% revised to 1.9%. YoY. Core 2.4% revised to 2.6%PPI MoM 0.0% for SeptemberPPI ex food and energy 0.2% vs 0.2% est.PPI ex food and energy and Trade YoY 3.2% vs 3.3% last monthPPI ex food and energy and trade MoM 0.1% vs 0.2% last month (revised from 0.3%)
The YOY data was higher than expectations despite the MoM data coming in lower or as expected.
Looking at the details from services and goods:
Final Demand Services:
Increased 0.2% in September, following a 0.4% rise in August
Leading contributors:
Deposit services (+3.0%)
Machinery and vehicle wholesaling
Furniture retailing
Desktop and portable device application software publishing
Declines:
Professional and commercial equipment wholesaling (-6.3%)
Securities brokerage and dealing
Final Demand Goods:
Decreased 0.2% in September, following no change in August
Leading contributors to decline:
Gasoline (-5.6%)
Diesel fuel
Jet fuel
Chicken eggs
Home heating oil
Increases:
Processed poultry (+8.8%)
Electric power
Motor vehicles
Overall:
Final demand services less trade, transportation, and warehousing rose 0.1%
Final demand trade services rose 0.2%
Final demand transportation and warehousing services rose 0.3%
This article was written by Greg Michalowski at www.forexlive.com.
