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.
U.S. final demand PPI rose 0.6% in April when financial markets had been expecting a gain of 0.3%, the Bureau of Labor Statistics said Thursday, and final demand PPI was up 6.2% from a year earlier, the largest year-over-year increase since the BLS began calculating 12-month data in 2010.
Roughly two-thirds of April's increase was driven by a 0.6% increase in prices for final demand services, the BLS said, and about half of the increase in the services index was tied to a 0.5% increase in the index for final demand services excluding trade, transportation, and warehousing. Prices for final demand goods rose 0.6% after a stronger 1.7% increase in March. That mainly reflected a 2.1% increase in prices of final demand foods, which was partially offset by a 2.4% decline in final demand energy prices.
The price of final demand food, energy, and trade services was up 0.7% in April following a 0.6% increase in March. From a year earlier, final demand was up 4.6%, the largest increase since year-over-year data were first calculated in 2014, the BLS said.
US year-on-year final demand PPI
Source: Bloomberg
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.