Friday , 14 February 2025
Home Forex US February PPI +1.6% y/y vs +1.1% expected
Forex

US February PPI +1.6% y/y vs +1.1% expected

  • Prior was +0.9% y/y (revised to +0.8%)
  • PPI m/m +0.6% vs +0.3% expected (prior was +0.3%)

Core:

  • PPI ex food and energy y/y +2.0% versus +1.9% expected. Prior month +2.0%
  • PPI ex food and energy m/m +0.3% versus +0.2% expected. Prior month +0.5%
  • PPI ex food and energy/trade +2.8% y/y versus 2.6% prior
  • PPI ex food and energy/trade +0.4% m/m versus 0.6% last month

70% of the rise in February goods PPI can be attributed to the index for energy, which jumped 4.4%. With oil above $80 today, I wonder if the market doesn’t stay focused on the energy side for awhile longer, particularly if $85-90 hits.

The US dollar is stronger on this and better initial jobless claims, despite a miss on retail sales.

Update: That move has now faded and we’re back to square.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

The US Department of Veterans Affairs has dismissed more than 1,000 employees

The link is here if you think you might be impacted by...

Goldman Sachs scenario for 2025 TTF 36%-56% below their 50 eur/mwh base case

Goldman Sachs: If Russia gas flows through Ukraine returned to pre-war levels,...

GBP/USD moves little around 1.2550 ahead of US Retail Sales data

GBP/USD remains steady around 1.2560 during the Asian hours on Friday following...

Australian Dollar remains firm as the US Dollar weakens due to lower US yields

The Australian Dollar (AUD) strengthens for the second consecutive day on Friday,...