US: PPI for final demand falls 0.1% in July; services decrease 0.2%, goods decline 0.1%

Eren Sengezer FXStreet

"The Producer Price Index for final demand declined 0.1 percent in July, seasonally adjusted," the U.S.Bureau of Labor Statistics announced on Thursday.

Key takeaways:

Final demand prices inched up 0.1 percent in June and were unchanged in May
On an unadjusted basis, the final demand index increased 1.9 percent for the 12 months ended in July
Over 80 percent of the July decrease in final demand prices is attributable to the index for final demand services, which fell 0.2 percent
Prices for final demand goods edged down 0.1 percent.
The index for final demand less foods, energy, and trade services was unchanged in July following a 0.2-percent advance in June
For the 12 months ended in July, prices for final demand less foods, energy, and trade services rose 1.9 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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