US PPI down on goods prices - Wells Fargo

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to analysts from Wells Fargo, goods prices continue to weigh on producer price inflation.

    Key Quotes:

    Final demand goods declined for the third consecutive month and were responsible for the 0.2 percent slide in headline producer prices in February, as services prices remained steady.”

    “In line with expectations, PPI final demand fell 0.2 percent in February as lower goods prices accounted for the slide. Most of the 0.6 percent decrease in goods was due to lower energy
    prices (-3.4 percent), but food prices also fell (-0.3 percent). Excluding food and fuel, producer prices were flat.

    “Following three consecutive monthly gains, services prices remained unchanged in February.”

    “Looking ahead, the recent upturn in crude oil prices should begin to underpin PPI inflation in the coming months.”
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