Producer Price Index: Difference between revisions

Producer Price Index (view source)

756 bytes added , 10 July 2024

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 === 2024 ===
+==== May 2024 ====
+* Producer price index fell 0.2% in May versus growth of 0.5% in April and against expectations for a 0.1% increase.
+* On a yearly basis, PPI was up 2.2%, lower-than 2.5% estimate and growth of 2.3% in the previous month (revised up from 2.2%).
+* Core PPI was flat during the month (April:+0.5%) and up 2.3% on a yearly basis, both coming below expectations for a 0.3% and 2.5% increase.
+* The decline in PPI is mainly attributed to the 0.8% drop in the prices for final demand goods.
+* Around 60% decline in the price for final demand goods is attributed to a 7.1% drop in the prices for gasoline (April:+5%).
+* S&P 500 futures were up 0.2%, Nasdaq 100 futures gained 0.7% while Dow Jones futures were down 0.2% following the report.
 ==== April 2024 ====