Market news
14.11.2019, 13:39

U.S. PPI increases more than forecast in October

The Labor Department reported on Thursday the U.S. producer-price index (PPI) increased 0.4 percent m-o-m in October, following a decline of 0.3 percent m-o-m September.

For the 12 months through October, the PPI rose 1.1 percent after a 1.4 percent advance in the previous month. That marked the smallest gain in PPI since October 2016.

Economists had forecast the headline PPI would increase 0.3 percent m-o-m and 0.9 percent over the past 12 months.

According to the report, the October climb in final demand prices reflected a 0.3 percent m-o-m increase in prices for final demand services and a 0.7 percent m-o-m surge in prices for final demand goods.

Excluding volatile prices for food and energy, the PPI advanced 0.3 percent m-o-m and 1.6 percent over 12 months. Economists had forecast gains of 0.2 percent m-o-m and 1.5 percent y-o-y, respectively.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location