US PRODUCER PRICE INDEX PPI Forecast
Today’s Significant Event : US PPI @08.30 GMT
Last Release on 14 Feb 17 : Actual-0.6%, Forecast-0.3%, Previous-0.3%
The PPI-Producer Price Index for final demand amplified 0.6% in January, seasonally accustomed, the US Bureau of Labor Statistics reported. Final demand prices increase 0.2% in December & 0.5% in November. On an unadjusted source, the final demand index mounted 1.6% for the 12 months finished January 2017.
In last January, over 60% of the advance in the final demand index is attributable to a 1.0% rise in prices for final demand goods. The index for final demand services stirred up 0.3%.
Prices for final demand less foods, energy, & trade services climb 0.2% in January following inching up 0.1% in December. For 1 year ended in January, the index for final demand less foods, energy, & trade services mounted 1.6%.
Producer Prices in the US is predictable to be 112.30 Index Points by the finish of this quarter, according to Trading Economics global worldwide experts & analysts outlook. Looking ahead, we guess Producer Prices in the US to stand at 114.00 in 12 month’s time. In the long-term, the US Producer Prices is probable to trend around 130 Index Points in 2020 nearly. On 14 March 2017, the forecast for US PPI was expected 0.1 percent; last index actual value was 0.6 percent.