U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly

RTTNews | 263 дней спустя
U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly

(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September.

The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in August. Economists had expected producer prices to inch up by 0.1 percent.

The report also said the annual rate of growth by producer prices slowed to 1.8 percent in September from an upwardly revised 1.9 percent in August.

Economists had expected the annual rate of producer price growth to dip to 1.6 percent from the 1.7 percent originally reported for the previous month.

Producer prices came in unchanged on a monthly basis as prices for goods fell by 0.2 percent, offsetting a 0.2 percent rise by prices for services.

The dip by prices for goods came as energy prices plunged by 2.7 percent, although the slump was partly offset by a 1.0 percent jump by food prices.

Meanwhile, the uptick by prices for services came as prices for transportation and warehousing services increased by 0.3 percent, prices for trade services rose by 0.2 percent and prices for other services inched up by 0.1 percent.

Excluding prices for food, energy and trade services, core producer prices crept up by 0.1 percent in September after rising by 0.2 percent in August.

The report also said the annual rate of growth by core producer prices slowed to 3.2 percent in September from 3.3 percent in August.

"After an upside surprise from the September CPI report, producer prices came in below expectations and provide support for a 25bps rate cut in November," said Matthew Martin, Senior U.S. Economist at Oxford Economics.

On Thursday, the Labor Department released a separate report showing consumer prices in the U.S. increased by slightly more than expected in the month of September.

The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up by 0.1 percent.

The report also said core consumer prices, which exclude food and energy prices, climbed by 0.3 percent for the second consecutive month. Core prices were expected to rise by 0.2 percent.

Meanwhile, the Labor Department said the annual rate of consumer price growth slowed to 2.4 percent in September from 2.5 percent in August. Economists had expected the pace of price growth to slow to 2.3 percent.

The annual rate of core consumer price growth accelerated to 3.3 percent in September from 3.2 percent in August, while economists had expected the pace of growth to remain unchanged.

Тэгов: USD
read more
U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
RTTNews | 3 дней спустя
U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
RTTNews | 3 дней спустя
U.S. Pending Home Sales Unexpectedly Rebound In May

U.S. Pending Home Sales Unexpectedly Rebound In May

The National Association of Realtors released a report on Thursday showing an unexpected rebound by pending home sales in the U.S. in the month of May. NAR said its pending home sales index jumped by 1.8 percent to 72.6 in May after tumbling by 6.1 percent to a revised 71.3 in April.
RTTNews | 4 дней спустя
U.S. Economy Shrinks More Than Previously Estimated In Q1

U.S. Economy Shrinks More Than Previously Estimated In Q1

Revised data released by the Commerce Department on Thursday showed the U.S. economy shrank by more than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product fell by 0.5 percent in the first quarter compared to the previously reported 0.2 percent dip. Economists had expected the decrease by GDP to be unrevised.
RTTNews | 4 дней спустя
U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected

New orders for U.S. manufactured durable goods spiked by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 16.4 percent in May after tumbling by a revised 6.6 percent in April.
RTTNews | 4 дней спустя
U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st. The Labor Department said initial jobless claims dipped to 236,000, a decrease of 10,000 from the previous week's revised level of 246,000.
RTTNews | 4 дней спустя