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Nov final demand PPI shows strength to the..>

US DATA
US DATA: Nov final demand PPI shows strength to support the FOMC, +0.4% 
vs +0.3% expected, PPI ex. food & energy +0.3% vs +0.2% expected, PPI 
ex. food, energy, trade services +0.4%, continuing the string of upside 
surprises seen in six of the last 10 November releases. 
- Energy prices +4.6% on +15.9% gasoline jump, so PPI ex. energy 
+0.2%. Food prices +0.3%, but trade services prices -0.3% on lower 
margins. PPI ex only trade services +0.6%. 
- The 12-month changes suggest acceleration due to energy, as headline 
PPI +3.1% y/y vs +2.8% in Oct (highest since Jan 2012). PPI ex. food and 
energy still +2.4% y/y, but ex. food, energy, and trade services record 
+2.4% for this short series. 

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