US PPI for final demand fell -0.5% mom in October, below expectation of 0.1% mom rise. That’s also the largest monthly decline since April 2020. PPI goods fell -1.4% mom while PPI services was unchanged. For the 12 months period, PPI slowed from 2.2% yoy to 1.3% yoy, below expectation of 1.9% yoy.
PPI less foods, energy and trade services rose 0.1% mom, the fifth consecutive rise. For the 12 months period, PPI less goods, energy and trade services rose 2.9% yoy.
