+1.4% prev rev up from +0.4%
- yy -12.0% vs -11.3% exp vs -11.0% prev rev up from -11.7%
- output mm nsa +0.1% as exp prev
- yy -1.6% as exp vs -1.7% prev
- output core mm nsa 0.0% as exp/prev
- yy +0.1% as exp/prev
Headline is a concern but tempered a little by better revision to previous month
Pound also getting sold on softer than expected core CPI
GBPUSD 1.5568 EURGBP 0.7235 capped by euro selling elsewhere
Here's some more detail courtesy of the ONS and a full definition of PPI here
- The price of goods bought and sold by UK manufacturers, as estimated by the producer price index, continued to fall in the year to May 2015, with petroleum and crude oil being the main drivers.
- The output price index for goods produced by UK manufacturers (factory gate prices) fell 1.6% in the year to May 2015, compared with a fall of 1.7% in the year to April 2015.
- Factory gate prices rose 0.1% between April and May 2015, unchanged since March 2015.
- core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 0.1% in the year to May 2015, unchanged since March 2015.
- The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 12.0% in the year to May 2015, down from a fall of 11.0% in the year to April 2015.
