Free Trial

PPI Annual Revisions See Only Marginally Cooler Recent Trend

US DATA
  • Minimal revisions for PPI final demand in latest months, December revised down from just -0.13% to -0.16% M/M with the rounded change heavily flatter by rounding.
  • Recent weakness slightly more pronounced for various core measures: ex food & energy trimmed 5bps in Dec, ex food, energy & trade services trimmed 7bps.
  • The latest pattern in core measures was generally for slightly more seasonally adjusted strength early in 2023, with less strength late on.
  • That slight dip into end-2023 hasn’t wildly changed prior trends though, the two core measures are tracking between circa 0-1% annualized over three months, with both just either side of 2% annualized over six months.

To read the full story

Close

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.