U.S. producer price probably rebounded in February
Powered by an energy-led rebound in goods costs, the Producer Price Index for final demand (PPI-fd) likely jumped by 0.7% in February, reversing all but a fraction of the larger-thanconsensus 0.8% decline recorded in the…
Powered by an energy-led rebound in goods costs, the Producer Price Index for final demand (PPI-fd) likely jumped by 0.7% in February, reversing all but a fraction of the larger-thanconsensus 0.8% decline recorded in the prior month.
Societe Generale notes on Friday....
The traditional PPI for finished goods is forecast to have risen by 1.7% during the reference period, after a 2.1% dive in January.
Reflecting sizable hikes in a variety of petroleum product costs, the PPIfd energy gauge probably jumped by 7.8%, adding one-half percentage point to the headline measure last month.
Anticipated rebounds in core goods and services costs likely pushed thePPI-fd excluding food and energy components 0.2% higher, erasing a prior-period 0.1% dip.
Our projections, if accurate, would place the overall and core PPI-fd gauges 0.4% and 1.7% above their respective year-ago levels.
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