Markets

U.S. ECONOMICS: April PPI-Final Demand Preview

The April overall-PPI, due Wednesday (8:30 a.m. ET), is expected to rise 0.2% (consensus range of 0.0% to 0.4%, median 0.2%) with a 0.2% core index increase (consensus range of 0.0% to 0.3%).

The 0.5% U.S. March PPI rise, with a 0.6% core price increase, beat assumptions thanks to a big 1.4% trade services bounce (which measures changes in margins received by wholesalers and retailers) after a 1.0% February drop, and a 0.7% rise in services overall after a 0.3% February decline.

This morning's trade price report revealed big downside April surprises for the non-agricultural export index, thanks to a drop-back in natural gas prices , and in petroleum import prices.

This morning's trade price report revealed big downside April surprises for the non-agricultural export index, thanks to a drop-back in natural gas prices, and in petroleum import prices.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More