News | Forex Optimum

News

News

U.S. PPI rise in line with forecasts in August

The Labor Department reported on Wednesday the U.S. producer-price index (PPI) edged up 0.1 percent m-o-m in August, following a gain of 0.2 percent m-o-m July.

For the 12 months through August, the PPI rose 1.8 percent after a 1.7 percent advance in the previous month.

Economists had forecast the headline PPI would increase 0.1 percent m-o-m and 1.8 percent over the past 12 months.

According to the report, the August rise in final demand prices was attributable to a 0.3-percent m-o-m increase in the index for final demand services. In contrast, prices for final demand goods dropped 0.5 percent m-o-m.

Excluding volatile prices for food and energy, the PPI rose 0.3 percent m-o-m and 2.3 percent over 12 months. Economists had forecast gains of 0.2 percent m-o-m and 2.2 percent y-o-y, respectively.

You may also be interested:

18:01 20.09.2019
Important events in the week ahead – Danske Bank
Danske Bank's analysts provided their views on next week's key market-moving releases, including September PMI data and other important events. “After two weeks of central bank action, focus will likely turn to the real economy, where we will start to get PMI data for September.If there is no increase in PMIs in the US, this will indicate that Q3 showed the weakest growth since 2009.In Europe, it will be interesting to see if the service sector can continue to support growth
17:42 20.09.2019
U.S. Fed Vice Chairman Clarida: We will act as appropriate
There is a range of views on the committee right nowWill take decisions meeting by meetingGoing into October and beyond, we'll go one meeting at a timeWe're going to be very attentive to data and to risks to the outlookWe clearly have a slowing global economyThere are some deflationary forces in the pipelineNegative factors have been worsening since the start of the yearGlobal growth has been worseningNot surprised US economy is resilientEconomy has done well this yearI think a lot of the
17:38 20.09.2019
U.S. President Trump: U.S. is making a lot of progress on China
China is having a bad yearChina wants to make a deal
Deposit
options
Trading
platform
download
Bonuses VIP