Investing.com – Producer price inflation in the U.S. rose less-than-expected in October, official data showed on Thursday.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.4% in October, after rising by 0.4% in September.
Analysts had expected PPI to increase by 0.8% in October.
The report also showed that core PPI, which excludes food and energy costs, fell unexpectedly in October, declining by 0.6%, after rising by 0.1% in September.
Analysts had expected core PPI to increase by 0.2% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.22% to hit 1.3618.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a loss of 0.40%, S&P 500 futures pointed to a drop of 0.38%, while the Nasdaq 100 futures were down 0.55%.
In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.4% in October, after rising by 0.4% in September.
Analysts had expected PPI to increase by 0.8% in October.
The report also showed that core PPI, which excludes food and energy costs, fell unexpectedly in October, declining by 0.6%, after rising by 0.1% in September.
Analysts had expected core PPI to increase by 0.2% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.22% to hit 1.3618.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a loss of 0.40%, S&P 500 futures pointed to a drop of 0.38%, while the Nasdaq 100 futures were down 0.55%.