The Producer Price Index increased by 0.3% in October to 174.1 (1982=100). The index was expected to increase by 0.5%, following a 0.6% decline in September and a 1.7% rise in August. Over the year, the index has decreased by 1.9%. The index for energy goods and prices for consumer foods both rose by 1.6%. Excluding food and energy prices, Core PPI fell the second consecutive time, by 0.6% after a 0.1% decrease in the previous month.
Industrial Production increased by 0.1 percent in October to an index value of 98.6 (2002=100), lower than the expected increase of 0.4%. This follows a 0.6% increase in September, revised downward from an originally reported increase of 0.7%. Over the year, the industrial production index is down by 7.1%. Capacity Utilization was reported at 70.7%, an increase from the 70.5% level in September. In October 2008, Capacity Utilization was measured at 75.4%.
Upcoming Releases
CPI (11/18 at 8:30 AM EST)
Crude Inventories (11/18 at 10:30 AM EST)
Initial Claims (11/19 at 8:30 AM EST)
