Highlights of the August 2015 US PPI final demand data report 11 September 2015
- Prior +0.2%
- -0.8%% vs -0.9% exp y/y. Prior -0.8%
- Core 0.3% vs 0.1% exp m/m. Prior 0.3%
- 0.9% vs 0.7% exp y/y. Prior 0.6%
- Core ex-food, energy & trade 0.1% v s0.2% prior m/m
- 0.7% vs 0.9% prior y/y
All round better than expected and the core number will keep inflation watchers happy (or less unhappy)
The data was worth a mere 12 pips to USDJPY as it rose from 120.77. It might be better than expected but still there's no real spring to prices overall
There is some good news within the data and that's profit margins are up in clothing, footwear and accessory retailers which offset the lower oil prices and strong buck. That's good news for retailers who are making more margin on lower prices
US core PPI y/y
