USA & Canada Intelligence Brief for August 13: American producer prices were flat in July and the annual rate fell to 4.7%, but the measure feeding the Federal Reserve's preferred gauge jumped 0.4%.
Rio Times · USA & Canada Intelligence Brief August 13
Key Facts
—Flat on the month American producer prices for final demand were unchanged in July, below the small rise economists expected.
—The annual rate fell Producer prices rose 4.7% over the twelve months to July, down from 5.5% through June.
—Goods fell, services rose Final demand goods prices dropped 0.7% while services rose 0.2%, with energy down 3.1% and gasoline 5.7%.
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The Producer Price Index for final demand was flat month-over-month, as a drop in energy prices offset a rise in services
