- Analytics
- News and Tools
- Market News
- U.S. PPI increases more than anticipated in May
U.S. PPI increases more than anticipated in May
The
Labor Department reported on Tuesday the U.S. producer-price index (PPI) rose 0.8
percent m-o-m in May, following an unrevised 0.6 percent m-o-m increase in April.
For
the 12 months through May, the PPI climbed 6.6 percent after an unrevised 6.2 percent
surge in the previous month. That was the largest increase since 12-month data
were first calculated in November 2010.
Economists
had forecast the headline PPI would increase 0.6 percent m-o-m last month and 6.3
percent over the past 12 months.
According
to the report, nearly 60 percent of the May advance in the index for final
demand can be traced to a 1.5-percent m-o-m jump in prices for final demand
goods. In addition, the index for final demand services went up 0.6 percent
m-o-m.
Excluding
volatile prices for food and energy, the PPI went up 0.7 percent m-o-m and climbed
4.8 percent over 12 months (the largest advance since 12-month data were first
calculated in August 2014). Economists had forecast gains of 0.5 percent m-o-m
and 4.8 percent y-o-y.
© 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.
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.
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
