Friday, June 13, 2014 9:09:00 AM
PPI-FD
Released On 6/13/2014 8:30:00 AM For May, 2014
Prior Consensus Consensus Range Actual
PPI-FD - M/M change 0.6 % 0.1 % -0.1 % to 0.2 % -0.2 %
PPI-FD - Y/Y change 2.1 % 2.0 %
PPI-FD less food & energy - M/M change 0.5 % 0.1 % -0.2 % to 0.2 % -0.1 %
PPI-FD less food, energy & trade services - M/M change 0.3 % 0.0 %
PPI-FD Goods - M/M change 0.6 % -0.1 %
PPI-FD Services - M/M change 0.6 % -0.2 %
Highlights
At the producer level, inflation is a problem-but in the other direction. May PPI inflation turned negative-meaning reduced revenues for producers. The PPI for total final demand declined 0.2 percent, following an increase 0.6 percent in April. Market expectations were for 0.1 percent. Total final demand excluding food & energ y slipped 0.1 percent after gaining 0.5 percent in April. Analysts forecast a 0.1 percent rise.
Total final demand excluding food, energy, and trade service was flat after a 0.3 percent increase in April.
Prices for final demand services moved down 0.2 percent in May, the first decrease since a 0.3-percent drop in February. Most of the decline in May is attributable to the index for final demand trade services, which fell 0.5 percent. The index for final demand goods fell 0.2 percent in May, the largest decrease since a 0.7-percent drop in April 2013. In May, prices for final demand energy and final demand foods both declined 0.2 percent. The index for final demand goods less foods and energy was unchanged. In May, gasoline prices fell 0.9 percent, accounting for about half of the decline in the final demand goods index.
On a seasonally adjusted year-ago basis, PPI final demand was up 2.0 percent in May compared to 2.1 percent in April.
On a not seasonally adjusted year-ago basis, PPI final demand was up 2.0 percent in May; excluding food & energy, up 2.0 percent. Excluding food, energy & trade services is not yet available on a year-ago basis since the series starts for August 2013.
The latest PPI report will ease inflation fears at the Fed. Taper likely remains on schedule.
Released On 6/13/2014 8:30:00 AM For May, 2014
Prior Consensus Consensus Range Actual
PPI-FD - M/M change 0.6 % 0.1 % -0.1 % to 0.2 % -0.2 %
PPI-FD - Y/Y change 2.1 % 2.0 %
PPI-FD less food & energy - M/M change 0.5 % 0.1 % -0.2 % to 0.2 % -0.1 %
PPI-FD less food, energy & trade services - M/M change 0.3 % 0.0 %
PPI-FD Goods - M/M change 0.6 % -0.1 %
PPI-FD Services - M/M change 0.6 % -0.2 %
Highlights
At the producer level, inflation is a problem-but in the other direction. May PPI inflation turned negative-meaning reduced revenues for producers. The PPI for total final demand declined 0.2 percent, following an increase 0.6 percent in April. Market expectations were for 0.1 percent. Total final demand excluding food & energ y slipped 0.1 percent after gaining 0.5 percent in April. Analysts forecast a 0.1 percent rise.
Total final demand excluding food, energy, and trade service was flat after a 0.3 percent increase in April.
Prices for final demand services moved down 0.2 percent in May, the first decrease since a 0.3-percent drop in February. Most of the decline in May is attributable to the index for final demand trade services, which fell 0.5 percent. The index for final demand goods fell 0.2 percent in May, the largest decrease since a 0.7-percent drop in April 2013. In May, prices for final demand energy and final demand foods both declined 0.2 percent. The index for final demand goods less foods and energy was unchanged. In May, gasoline prices fell 0.9 percent, accounting for about half of the decline in the final demand goods index.
On a seasonally adjusted year-ago basis, PPI final demand was up 2.0 percent in May compared to 2.1 percent in April.
On a not seasonally adjusted year-ago basis, PPI final demand was up 2.0 percent in May; excluding food & energy, up 2.0 percent. Excluding food, energy & trade services is not yet available on a year-ago basis since the series starts for August 2013.
The latest PPI report will ease inflation fears at the Fed. Taper likely remains on schedule.
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