Producer Price Index
The Producer Price Index (PPI) is a measure of the average change over time in the selling prices received by domestic producers for their output. The PPI data report reflects the changes in the price of goods sold by manufacturers and is a leading indicator of consumer price inflation. The expectations for tomorrow's release are that a softer PPI number would indicate that wholesale inflation is weakening, which could be good news for the markets. Last release, the Final Demand goods increased by 0.1%, while the Final Demand Services increased by 0.4%. The Intermediate Demand by Commodity Type saw Processed Goods decrease by 0.9%, Unprocessed Goods decrease by 3.2%, and Services increase by 0.6%. The Intermediate Demand by Production Flow saw Stage 4 Intermediate Demand increase by 0.2%, Stage 3 Intermediate Demand decrease by 0.4%, Stage 2 Intermediate Demand decrease by 1.4%, and Stage 1 Intermediate Demand decrease by 0.3%. Specific goods such as Motor Vehicles increased by 0.4%, Pharmaceutical Preparations increased by 0.1%, Gasoline decreased by 6.0%, Meats increased by 2.3%, and Industrial Chemicals decreased by 1.1%. Services such as Outpatient Healthcare increased by 0.1%, Inpatient Healthcare Services increased by 0.2%, Food and Alcohol Retailing increased by 0.1%, Apparel and Jewelry Retailing increased by 3.5%, Airline Passenger Services decreased by 5.7%, Securities Brokerage, Dealing, Investment, and Related Services increased by 11.3%, Business Loans (partial) increased by 14.1%, Legal Services increased by 0.4%, Truck Transportation of Freight increased by 1.1%, and Machinery and Equipment Wholesaling increased by 1.3%.