US PPI for final demand rose 0.1% mom in July, below expectation of 0.2% mom. PPI goods rose 0.6% while PPI services fell -0.2% mom. PPI less foods, energy, and trade services rose 0.3% mom.
For the 12 months ended in July, PPI rose 2.2% yoy, slowed from 2.7% yoy, below expectation of 2.3% yoy. PPI less foods, energy, and trade services rose 3.3% yoy.
Full US PPI release here.
