US October PPI final demand 8.6% y/y vs 8.7% expected

US October 2021 producer price index highlights

• P rior was 8.3% y/y
• PPI ex food and energy 6.8% vs 6.8% expected
• m/m PPI +0.6% vs +0.5% expected
• m/m ex food and energy 0.4% vs +0.5% expected

There are no surprises in this report. The headline was a touch lower but the m/m reading was a touch higher.

We'll have to wait for tomorrow's CPI report for a better market mover.

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November 10, 2021 at 01:30AM
Adam Button
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