- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller October 14, 2016
The headline Final Demand Producer Price Index increased 0.3% (0.7% y/y) during September following unrevised stability in August. A 0.2% rise had been expected in the Action Economics Forecast Survey. Excluding food & energy, prices gained 0.2% (1.2% y/y), the largest rise in three months. A 0.1% rise was expected. The PPI excluding food, energy & trade services rose 0.3% (1.5% y/y), the same as in August.
Energy prices jumped 2.5% (-2.5% y/y) after two months of decline. Gasoline prices rebounded 5.3% (-7.7% y/y), but didn't recover all of the two prior months' decline. Home heating oil prices jumped 9.7% (-5.3% y/y) after a 7.6% drop. Natural gas costs rose 2.9% (1.0% y/y), the third consecutive month of strong increase. Residential electric power costs rose 0.2% (1.0% y/y).
Food prices gained 0.5% (-3.5% y/y) after two months of sharp decline. Vegetable prices jumped 10.5% (NSA, -4.8% y/y), and egg prices increased 24.2% (-64.8% y/y). Fish & shellfish prices increased 1.7% (8.5% y/y), but beef & veal costs fell 3.7% (-21.7% y/y). Dairy product prices were off 1.0% (+0.3% y/y), and grain prices declined 3.4% (NSA, -18.5% y/y). Fresh fruit & melon prices remained unchanged (NSA, +6.8% y/y).
Final demand prices for goods less food & energy increased 0.3% (0.9% y/y), the strongest rise since April. Durable consumer goods prices rose 0.2% (0.2% y/y) as passenger car prices rose 0.7% (-0.2% y/y), and light truck prices gained 0.2% (-0.4% y/y). Nondurable consumer goods prices less food & energy jumped 0.6% (3.5% y/y) as women's apparel prices increased 1.0% (1.9% y/y). Capital equipment prices nudged 0.1% higher (0.3% y/y).
Final demand services prices improved 0.1% (1.4% y/y), the same as in August. It reflected a 4.1% jump (0.4% y/y) in passenger transportation costs. Working the other way, trade services prices fell 0.4%, down for the third straight month and unchanged y/y. Final demand services less trade, transportation & warehousing costs rose 0.2% (2.2% y/y).
Construction prices for final demand improved 0.1% (0.8% y/y) following no change.
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, %)||Sep||Aug||Jul||Sep Y/Y||2015||2014||2013|
|Excluding Food & Energy||0.2||0.1||-0.3||1.2||0.8||1.7||1.5|
|Excluding Food, Energy & Trade Services||0.3||0.3||0.0||1.5||0.6||1.2||--|
|Goods Excluding Food & Energy||0.3||0.1||0.0||0.9||0.4||1.5||1.1|
|Intermediate Demand - Processed Goods||0.5||-0.1||0.2||-1.2||-6.9||0.6||0.0|