- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
by Tom Moeller May 13, 2016
The headline Final Demand Producer Price Index increased 0.2% (0.0% y/y) in April after an unrevised 0.1% March dip. The rise compared to a 0.3% increase expected in the Action Economics Forecast Survey. A 0.3% decline (-2.0% y/y) in food prices offset a 0.2% increase (-12.0% y/y) in energy prices. Excluding food & energy, the PPI improved an expected 0.1% (0.9% y/y).
The decline in food prices reflected a 29.5% drop in egg prices (-36.8% y/y) as well as a 1.1% fall in dairy product prices (-1.9% y/y). These declines were offset by a 1.7% rise (-15.2% y/y) in beef & veal costs. Pasta product prices gained 0.1% (-5.2% y/y). On the energy price front, the jump in prices was driven by a 5.5% increase (-21.3% y/y) in gasoline prices as well as a 0.6% rise (0.0% y/y) in electric power costs. Home heating oil prices declined 30.5% (-42.9% y/y). Natural gas prices fell 0.9% (-6.3% y/y), but electric power costs improved 0.6% (0.0% y/y).
Core producer goods prices for final demand increased 0.3%, following four consecutive 0.1% gains. It reflected the emerging improvement in factory sector activity. Durable consumer goods prices gained 0.1% (0.5% y/y) and core nondurable goods costs increased 0.6% (4.0% y/y), the strongest rise in three months. Capital equipment prices edged 0.1% higher (0.5% y/y) following three months of remaining unchanged.
The 0.1% service price increase (1.0% y/y) followed a 0.2% decline. It reflected a 0.8% drop (+3.0% y/y) in capital equipment trade. Personal consumption trade prices improved 0.2% (0.6% y/y) while government goods trade prices remained unchanged (0.3% y/y). Passenger transportation prices decreased 1.7% (-4.3% y/y) following a 0.7% increase. Prices for transportation & warehousing of goods rose 0.2% (-1.6% y/y) following four consecutive months of decline. Service prices excluding each of these categories improved 0.3% (1.5% y/y) after a 0.1% dip.
Construction costs for final demand jumped 0.8% (1.9% y/y) after a 0.1% uptick.
Prices for intermediate processed goods increased 0.3% (-4.6% y/y), the strongest rise in six months.
The PPI data are contained in Haver's USECON database with further detail in PPI and PPIR. The expectations figures are available in the AS1REPNA database.
|Producer Price Index (SA, %)||Apr||Mar||Feb||Apr Y/Y||2015||2014||2013|
|Excluding Food & Energy||0.1||-0.1||0.0||0.9||0.8||1.7||1.5|
|Excluding Food, Energy & Trade Services||0.3||0.0||0.1||0.9||0.6||1.2||--|
|Goods Excluding Food & Energy||0.3||0.1||0.1||0.6||0.4||1.5||1.1|
|Intermediate Demand - Processed Goods||0.3||-0.2||-0.7||-4.6||-6.9||0.6||0.0|