US PPI for final demand rose 0.5% mom in September, above expectation of 0.4% mom. PPI less foods, energy, and trade services increased 0.2% mom, the fourth consecutive advance. PPI goods rose 0.9% mom while PPI services rose 0.3% mom.
For the 12 months period, PPI rose 2.2% yoy, above expectation of 1.6% yoy. That’s the largest annual increase since April’s 2.3% yoy. PPI less foods, energy and trade services was up 2.8% yoy.
