Intraday Economic News: PPI Falls 0.3% In October; Core PPI Is Flat Nov 11
Standard & Poors, November 2011
Abstract
The October PPI fell 0.3% month over month, a bigger drop than the 0.1% decline markets expected, though in line with our negative 0.3% forecast. Core PPI, excluding food and fuel, was flat, tamer than the consensus expectation of a 0.1% gain and our 0.2% month-over-month rate. Weakness was broadbased. Energy prices fell 1.4% in October, partially offsetting the 2.3% jump in September. Food prices edged up 0.1% over September after a 0.6% gain the month before. On a year-over-year basis, overall PPI is up 5.9% over last October, decelerating from the 6.9% year-over-year pace in September. Core PPI rose to 2.8% over last year, accelerating from the 2.5% in September. The soft PPI October data, together with the weaker-than-expected...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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