- New Zealand: Motor Vehicle Registrations (Aug), Balance of Payments, IIP, External Debt (Q2); Australia: Imports (Aug)
- Indonesia: Banking Statistics (Jul)
- US: TIC (Jul)
- Ireland: ESRI Consumer Sentiment (Aug)
- US: Producer Prices (Aug)
- GDP by Metropolitan Area Detail (2013, 2001-2012 Revisions)
- US: Median Income by State (2013)
- more updates...
Economy in Brief
U.S. Chain Store Sales Weaken Sharply
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales fell 2.6% last week...
U.S. Energy Prices Move Lower
The price for a gallon of regular gasoline declined to $3.41 (-3.9% y/y...
ZEW Expectations Drop By Less Than Expected
The ZEW index in September fell to a level of 25.4 from the August level of 44.3...
U.S. Industrial Production is Led Lower by Durable Goods
Industrial production slipped 0.1% last month (+4.1% y/y) following a 0.2% July increase...
Empire State Factory Sector Index Moves Up to 2009 High
The New York Fed reported that its Empire State Factory Index of General Business Conditions jumped to 27.54 during September...
Euro Area Trade Surplus Shrinks
The euro area trade surplus shrank to 12.2 billion euros in July from 13.8 billion euros in June...
by Tom Moeller September 16, 2014
The overall Final Demand Producer Price Index held steady during August (1.8% y/y) following an unrevised 0.1% uptick in July. A 0.1% rise was expected in the Action Economics Forecast Survey. Prices excluding food & energy gained 0.1% (1.8% y/y) and matched expectations.
Goods prices (34% of the total index) declined 0.3% (+1.7% y/y). A 1.5% fall (+0.2% y/y) in energy prices held back the overall index increase. Home heating oil prices fell 5.7% (-7.1% y/y) while natural gas prices were off 4.5% (+6.6% y/y). Gasoline prices were off 1.4% (-3.1% y/y) and electric power costs slipped 0.2% (+3.9% y/y). Finished food prices declined 0.5% (+3.8% y/y), the third drop in four months. Egg prices plummeted 21.5% (+2.0% y/y). Beef & veal prices edged 0.3% higher (28.6% y/y) after having surged 9.2% in July. That followed the 9.2% July upward surge. Dairy product prices gained 0.3% (12.5% y/y). Final demand prices for goods excluding food & energy remained unchanged (1.6% y/y) after a 0.2% gain during July. Passenger car prices declined 0.2% (+1.0% y/y). Private capital equipment prices held steady (1.5% y/y).
Services prices (64% of the total index) gained 0.3% (1.9% y/y) after a 0.1% uptick. Prices for transportation of passengers jumped 1.6% (4.3% y/y). Prices for transportation and warehousing of goods for final demand ticked 0.1% lower (+2.5% y/y).
Construction prices for final demand (2% of the total index) remained unchanged (3.2% y/y) following a 0.5% jump.
Intermediate demand prices of processed goods fell 0.3% (+1.3% y/y) after a 0.1% uptick.
Measured using the old formula, which is being phased out as the headline series, producer prices declined 0.4% (+2.3% y/y) after a 0.1% July uptick. Food costs retreated 0.4% (+5.0% y/y) while energy prices declined 1.4% (+0.8% y/y). Prices excluding food & energy nudged 0.1% higher (1.9% y/y) for a second straight month.
The PPI data are contained in Haver's USECON database with further detail in PPI and PPIR. The expectations figure is available in the AS1REPNA database.
|Producer Price Index (%)||Aug||Jul||Jun||Aug Y/Y||2013||2012||2011|
|Excluding Food & Energy||0.1||0.2||0.2||1.8||1.5||1.9||--|
|Goods Excluding Food & Energy||0.0||0.2||0.1||1.6||1.1||1.8||3.4|
|Intermediate Demand - Processed Goods||-0.3||0.1||0.4||1.3||0.0||0.5||8.9|