PPI / Trade deficit

verfasst von CRASH_GURU, 11.07.2003, 20:53

-->Core PPI dips

The June producer price index climbed 0.5 percent overall but fell 0.1 percent at the core, which excludes the often-volatile food and energy components. Economists had expected a 0.3 percent rise in the overall PPI and a 0.1 percent increase in the core rate. See full story.

"The core index was weaker than consensus expectations. This confirms that businesses continue to lack pricing power and suggests that the Federal Reserve's skewed assessment of risk with respect to disinflation will remain in place for some time," maintained Jade Zelnik, chief economist at RBS Greenwich Capital.

Mirroring that view, Merrill Lynch said the core PPI's performance indicates that deflation concerns remain.

The U.S. trade deficit, meanwhile, widened to $41.8 billion in May, coming in a shade higher compared with expectations for a $41.2 billion gap. See the story and check economic calendar and forecasts.

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• PPI / Trade deficit - CRASH_GURU, 11.07.2003, 20:53