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US PPI under perform

Autore: FXStreet.com




FXstreet.com (Barcelona) - Today's data released by the US Bureau of Labor Statistics presented the Producer Price Index in October increasing at a sub par pace of 0.4%, annually ticking at 4.3%, while when Food and Energy components are excluded, the monthly index losses 0.6% and YoY moves at 1.5%.

The monthly indicator printed an 0.4% last month but markets expected an 0.7% reading, annually, the last result stood at 4.0% and the improvement was not enough to fulfill expectations at 4.6%. On the Core PPi side, the month-over-month result came from an 0.1% uptick and was expected to repeat, while the annual indicator dropped from the previous 1.6% in spite of expectations of improving to 2.1%.

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