GOVERNMENT REPORT SERIES
The Producer Price Index for final demand fell 0.5 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decline followed advances of 1.0 percent in June and 0.8 percent in May. On an unadjusted basis, final demand prices moved up 9.8 percent for the 12 months ended in July.
Thursday’s slight market gain comes following the upbeat Producer Price Index News Release
The producer price index (PPI) for July showed prices fell 0.5% from the prior month, a big surprise relative to expectations as economists had forecast a 0.2% increase in prices.
Investors will be looking to capture short term gains from the recent upticks in the market today!
