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Intraday Economic News: PPI Falls 0.3% In October; Core PPI Is Flat Nov 11
Standard & Poors, November 2011
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...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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