Data from South Korea for December shows its PPI is rising at its slowest since April 2021

PPI growth is slowing in the US and Canada, as we had confirmed again earlier this week, a welcome development:

• US PPI for December 6.2% vs 6.8% estimate.
• Canada December PPI -1.1% vs -0.3% expected

Not so in Japan, where I described its growth (for Japan) as Ferocious:

• Japan December PPI +0.5% m/m (expected +0.3%) and +10.2% y/y (expected +9.5%)

Data this morning (Asia time) from South Korea is more encouraging, slowing there also:

• December PPI has come in at -0.3% m/m (prior also -0.3%) and +6.0% y/y (prior +6.2%)