Thursday, 20 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Wholesale Prices Unexpectedly Show First Drop Since 2016
Thursday, 11 January 2018 20:56 WIB | UNITED STATES |Ekonomi ASPPI

U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy.

Producer-price index fell 0.1% m/m (est. 0.2% rise) after 0.4% gain the previous month; first decline since Aug. 2016.

PPI rose 2.6% from a year earlier (est. 3%) after 3.1% gain in prior 12-month period.

Excluding food and energy, core gauge fell 0.1% m/m (est. 0.2% rise); rose 2.3% y/y.

Most of the monthly drop in the PPI reflected a 0.2 percent decline in the cost of services, while goods prices were unchanged. A drop in the index for automotive fuel retailing was a major driver, along with falls in costs for loan services, airline passenger services and apparel retailing.

The PPI excluding food, energy, and trade services, a measure some economists prefer because it strips out the most volatile components, rose 2.3 percent from December 2016 following a 2.4 percent gain.

With inflation still below the Federal Reserve™s target, the PPI report is likely to put additional focus on Labor Department figures due Friday for consumer prices. That will give a better indication of where inflation is headed and how it will factor into the central bank™s deliberations over how fast to raise interest rates in 2018.

Excluding the volatile categories of food, energy, and trade services,producer costs rose 0.1 percent from the previous month following a 0.4 percent increase.

Energy prices unchanged from the prior month; food costs fell 0.7 percent.

Retail margins for automotive fuels and lubricants fell 10.7 percent; airline passenger services were down 4.3 percent, the most since February 2009.

Source: Bloomberg

RELATED NEWS
Construction spending ticks up in July, led by public sector...
Tuesday, 4 September 2018 21:25 WIB

Belanja konstruksi 0,1% lebih tinggi pada bulan Juli dibandingkan Juni, dipimpin oleh sektor publik, Departemen Perdagangan mengatakan Selasa. Pengeluaran pada bulan Juli 5,8% lebih tinggi dari tahun ...

Second quarter was even stronger than it first looked: GDP raised to 4.2% from 4.1%...
Wednesday, 29 August 2018 19:48 WIB

Ekonomi AS melonjak bahkan lebih kuat di musim semi dari yang semula dilaporkan berkat belanja pemerintah yang lebih tinggi dan investasi bisnis. Dan perusahaan menguangkan dalam skala besar. Produk ...

ISM services index in July falls to 11-month low...
Friday, 3 August 2018 21:23 WIB

Institute for Supply Management mengatakan hari Jumat bahwa indeks non-manufaktur jatuh ke 55,7% pada bulan Juli, posisi terendah 11 bulan, dari 59,1%. Ekonom yang disurvei oleh MarketWatch memperkir...

ISM manufacturing index falls to 58.1% in July from 60.2%...
Wednesday, 1 August 2018 21:25 WIB

Produsen Amerika tumbuh agak kurang cepat pada bulan Juli, tertahan oleh kekurangan tenaga kerja terampil, biaya yang lebih tinggi untuk bahan baku seiring tarif perdagangan dan kesulitan mendapatkan ...

U.S. companies create 219,000 new jobs in July, ADP says...
Wednesday, 1 August 2018 19:39 WIB

Perusahaan-perusahaan di sektor swasta menambahkan 219.000 karyawan baru ke daftar gaji mereka pada bulan Juli, menunjukkan bahwa perusahaan-perusahaan berusaha untuk mengisi jumlah lowongan pekerjaan...

POPULAR NEWS
All Signs Point To Upside For Gold - Expert

Gold has been trading in a compressed range all...

Gold books a gain as dollar wavers

Gold futures settled higher on Monday, recouping...

Gold Drops as Investors Weigh Fresh Tariff Pressures

Gold declines as investors assess the...

LATEST NEWS
Gold Rises, Padding Weekly Advance as Dollar Index Deepens September Retreat

Gold futures tried for back-to-back gains Thursday, boosted again by weaker trading for a dollar index that has already shed nearly 2% over the past month. December gold rose $2, or nearly 0.2%, to $1,210.30 an ounce as the dollar index dropped...

Pompeo: US Ready to Restart Talks With North Korea

U.S. Secretary of State Mike Pompeo has welcomed the "important commitments" made by North Korean leader Kim Jong Un at a summit with his South Korean counterpart this week. North Korea announced it would disassemble its nuclear missile test...

U.S. Oil Benchmark Extends Climb Above 2-Month High

Oil futures rose early Thursday, extending gains a day after posting the highest close since July following a government report that showed a fifth straight weekly decline in U.S. crude inventories. The U.S. benchmark, October West Texas...