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Saturday, September 21, 2019 10:21:07 PM EDT




PPI
Briefing.com Updated 11-Sep-19 09:18AM ET

The Producer Price Index for final demand was up 0.1% m/m in August, as expected, but the index for final demand excluding food and energy, was up 0.3% (Briefing.com consensus +0.1%), which was hotter than expected.

The month-over-month changes left the index for final demand up 1.8% yr/yr, versus 1.7% in July, and the index for final demand excluding food and energy up 2.3%, versus 2.1% in July.

The index for final demand services rose 0.3% in August, with roughly about 80% of that increase attributed to a 0.5% increase for final demand services less trade, transportation, and warehousing.

The index for final demand goods decreased 0.5% in August, driven down by a 2.5% decrease in the index for final demand energy.

The index for processed goods for intermediate demand fell 0.7% in August, largely due to a 2.2% drop in prices for processed energy goods.

The index for unprocessed goods for intermediate demand fell 1.0%, with a 2.2% drop in prices for unprocessed energy materials leading the decline.

The key takeaway from the report is that it could stoke concerns about margin pressures for producers that curtail earnings growth and/or bleed through to higher prices for consumers.
 
AUGJULJUNMAYAPR
Final Demand0.1%0.2%0.1%0.1%0.2%
Core (excluding ...)
Food and Energy0.3%-0.1%0.3%0.2%0.1%
Food, Energy, and Trade0.4%-0.1%0.0%0.4%0.4%
Final Demand Goods
Total-0.5%0.4%-0.4%-0.2%0.3%
Energy-2.5%2.3%-3.1%-1.0%1.8%
Finished Goods-0.6%0.6%0.4%-0.1%0.4%
Final Demand Services
Total0.3%-0.1%0.4%0.3%0.1%
Trade0.2%0.2%1.3%-0.5%-0.5%
Intermediate Demand
Processed-0.7%0.2%-1.1%-0.2%-0.1%
Unprocessed-1.0%1.6%-3.3%-5.1%2.7%
Services0.5%-0.2%0.2%0.0%0.3%