Gold coins stacked on a paper containing market data
Markets

Canada Sept industrial product price +0.4% vs +0.4% expected

Industrial product price and the raw materials price index for September

  • Prior industrial product price was -0.5% m/m
  • Industrial product price -0.5% y/y vs -1.3% y/y prior
  • Raw materials price index -0.1% vs +0.5% expected

The industrial product price is Canada's version of the PPI. It's not generally a market-mover but there's a closer focus on the BOC at the moment after the surprise comment at the last press conference that policymakers had talked about cutting.

Drilling down into the data, energy and petroleum products were up 0.9% m/m and that was largely responsible for the rise, especially a 2.6% rise in light fuel oils. Excluding energy, the industrial product price was up 0.3%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos