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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- PPI final demand: 0.22% M/M (cons 0.1) in June after -0.03 (revised up from initial -0.25). Net upward revisions worth 0.18pps.
- PPI ex food & energy: 0.44% M/M (cons 0.2) in June after 0.28 (revised up from initial 0.05). Net upward revisions worth 0.21pps.
- But PPI ex food, energy & trade: 0.04% M/M (cons 0.2) after 0.16% (revised up from initial 0.01). Net upward revisions worth 0.12pps.
- The below chart shows the continued wedge with CPI core goods, although much less so for ex food, energy and trade.
- As we wrote ahead of time, the net wedge suggests either some further price pressures are in the pipeline or that firms are finding it harder to pass cost increases on.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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