- Egypt: IP (Feb)
- US: Regional Payroll Employment (Mar)
- US: GDP by Industry (Q4)
- Realtors Confidence Index Survey (Mar)
- US: Existing Home Sales (Mar)
- Manufacturing Survey - Markit US (Flash - Mar), Composite and Services Survey - Markit US (Flash - Mar)
- Mexico: National Employment Survey(Mar)
- *Switzerland: House Price Index - Rebased to Q1-2000=100 (Q1)*
- more updates...
Economy in Brief
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U.S. Initial Unemployment Insurance Applications Increase
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Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
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by Tom Moeller April 13, 2017
The headline Final Demand Producer Price Index eased 0.1% during March after a 0.3% February rise. Nevertheless, the y/y increase of 2.2% was the strongest since March 2012. The monthly decline compared to expectations for no change in the Action Economics Forecast Survey. The PPI excluding food and energy remained unchanged (1.6% y/y) following a 0.3% increase. A 0.2% rise had been expected.
Prices of trade services slipped 0.1% following a 0.4% February rise. An updated measure of "core" PPI inflation, final demand prices excluding food, energy, and trade services prices, notched 0.1% higher (1.7% y/y) following a 0.3% February gain.
Final demand goods prices slipped 0.1% (+4.0% y/y). Final demand energy prices declined 2.9% (+15.2% y/y) as gasoline prices fell 8.3% (+33.5% y/y). Home heating oil prices declined 4.7% (+58.3% y/y), but natural gas prices improved 0.7% (12.3% y/y). Food prices strengthened 0.9% (0.3% y/y). Beef & veal prices rebounded 4.1% (-10.0% y/y), while fruit & melon prices strengthened 7.7% (+5.0% y/y). Egg prices increased 7.6% (-27.8% y/y), but bakery product prices gained 0.2% (-0.3% y/y). Pork prices increased 1.0% (4.3% y/y) and dairy product prices eased 0.6% (+4.8% y/y).
Nondurable consumer goods prices excluding food & energy improved 0.3% (3.3% y/y). The y/y increase has lost momentum since a 4.1% y/y rise in June 2015. Women's apparel prices rose 0.2% y/y and men's apparel costs rose 0.9% y/y. Showing strength, however, were industrial chemical prices, up 13.7% y/y. Finished consumer durable goods prices jumped 0.5% (1.2% y/y), the strongest increase since February 2015. It reflected a 1.3% increase (2.2% y/y) in light motor trucks and a 0.4% rise (1.7% y/y) in passenger cars. Furniture prices gained 0.4% (1.1% y/y). Private capital goods prices recovered 0.3% (0.9% y/y).
Prices of final demand for services eased 0.1% (+1.5% y/y) following two months of strong increase. Trade services prices eased 0.1% (+1.5% y/y) following a 0.4% rise. Prices for transportation of private passengers slipped 0.1% (+1.7% y/y), while transportation & warehousing costs eased 0.2% (1.3% y/y).
Final demand construction costs recovered 0.2% (1.5% y/y) following a 0.1% slip.
Prices of processed goods for intermediate demand improved 0.1%. The 5.3% y/y gain compared to 5.7% price deflation during 2016. It reflected a 4.6% y/y increase in factory materials & components, and a 15.1% y/y increase in processed fuels.
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, %)||Mar||Feb||Jan||Mar Y/Y||2016||2015||2014|
|Excluding Food & Energy||0.0||0.3||0.4||1.6||1.3||0.8||1.8|
|Excluding Food, Energy & Trade Services||0.1||0.3||0.2||1.7||1.2||0.6||1.2|
|Goods Excluding Food & Energy||0.4||0.1||0.4||2.3||0.8||0.4||1.6|
|Intermediate Demand - Processed Goods||0.1||0.4||1.1||5.3||-5.7||-14.0||1.1|