US: PPI contracted 0.7% MoM in April

FXstreet.com (Barcelona) - The Labour Department reported that Producer Prices fell 0.7% MoM during April, below expectations at -0.6% and March’s print at -0.6%. Over the last twelve months, prices rose 0.6%, missing forecasts at 0.8% and down from Mrach’s 1.1%.

Ex food and energy, wholesale prices rose 0.1% MoM and 1.7% YoY,, banging on estimates.