Producer Price Index (MoM)

The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

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Most recent - Wednesday 15 November 2023 13:30

0.5%

Revised

0.4%

Forecast

0.1%

Actual

-0.5%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Wednesday 13 December 2023 13:30

-0.5%

Forecast

0.1%

Actual

The typical/expected impact on USD pairs is medium.

The consensus forecast for Producer Price Index (MoM) is 0.1%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Producer Price Index (MoM) was -0.5% against a forecast of 0.1%.

Past events

Date

Forecast

Actual

Wednesday 15 November 2023 13:30

0.1%

-0.5%

Wednesday 11 October 2023 12:30

0.4%

0.5%

Thursday 14 September 2023 12:30

0.4%

0.7%

Friday 11 August 2023 12:30

0.2%

0.3%

Thursday 13 July 2023 12:30

0.2%

0.1%

Wednesday 14 June 2023 12:30

-0.1%

-0.3%

Thursday 11 May 2023 12:30

0.3%

0.2%

Thursday 13 April 2023 12:30

-0.5%

Wednesday 15 March 2023 12:30

0.3%

-0.1%

Thursday 16 February 2023 13:30

0.4%

0.7%

Wednesday 18 January 2023 13:30

-0.1%

-0.5%

Friday 9 December 2022 13:30

0.1%

0.3%

Tuesday 15 November 2022 13:30

0.5%

0.2%

Wednesday 12 October 2022 12:30

0.2%

0.4%

Wednesday 14 September 2022 12:30

-0.1%

Thursday 11 August 2022 12:30

0.2%

-0.5%

Thursday 14 July 2022 12:30

0.8%

1.1%

Tuesday 14 June 2022 12:30

0.8%

Thursday 12 May 2022 12:30

0.5%

Wednesday 13 April 2022 12:30

1.1%

1.4%

Tuesday 15 March 2022 12:30

0.9%

0.8%

Tuesday 15 February 2022 13:30

0.5%

Thursday 13 January 2022 13:30

0.4%

0.2%

Tuesday 14 December 2021 13:30

0.5%

0.8%

Tuesday 9 November 2021 13:30

0.6%

Thursday 14 October 2021 12:30

0.6%

0.5%

Friday 10 September 2021 12:30

0.6%

0.7%

Thursday 12 August 2021 12:30

0.6%

Wednesday 14 July 2021 12:30

0.6%

Tuesday 15 June 2021 12:30

0.6%

0.8%

Thursday 13 May 2021 12:30

0.3%

0.6%

Friday 9 April 2021 13:00

0.5%

Friday 12 March 2021 13:30

0.5%

Wednesday 17 February 2021 13:30

0.4%

1.3%

Friday 15 January 2021 13:30

0.4%

0.3%

Friday 11 December 2020 13:30

0.2%

0.1%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Producer Price Index (MoM) result:

		Previous	Latest
Michigan Consumer Sentiment Index	Bullish change	61.3	69.4
UoM 5-year Consumer Inflation Expectation	Bearish change	3.2%	2.8%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.4%
Average Hourly Earnings (YoY)	(no change)	4%	4%
Labor Force Participation Rate	Bullish change	62.7%	62.8%
Nonfarm Payrolls	Bullish change	150K	199K
U6 Underemployment Rate	Bullish change	7.2%	7%
Unemployment Rate	Bullish change	3.9%	3.7%
Initial Jobless Claims	Bearish change	218K	220K
Challenger Job Cuts	Bullish change	36.836K	45.51K
Nonfarm Productivity	Bullish change	4.7%	5.2%
Unit Labor Costs	Bearish change	-0.8%	-1.2%
ADP Employment Change	Bearish change	106K	103K
ISM Services Employment Index	Bullish change	50.2	50.7
ISM Services New Orders Index	(no change)	55.5	55.5
ISM Services PMI	Bullish change	51.8	52.7
ISM Services Prices Paid	Bearish change	58.6	58.3
JOLTS Job Openings	Bearish change	9.35M	8.733M
S&P Global Composite PMI	(no change)	50.7	50.7
Factory Orders (MoM)	Bearish change	2.3%	-3.6%
ISM Manufacturing Employment Index	Bearish change	46.8	45.8
ISM Manufacturing New Orders Index	Bullish change	45.5	48.3
ISM Manufacturing PMI	(no change)	46.7	46.7
ISM Manufacturing Prices Paid	Bullish change	45.1	49.9
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%

About Producer Price Index (MoM)

Country:	United States
Currency:	USD
Source:	US Bureau of Labor Statistics
Category:	Inflation
Frequency:	Monthly

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Calendar - Producer Price Index (MoM) - United States

Producer Price Index (MoM)

Most recent - Wednesday 15 November 2023 13:30

Next event - Wednesday 13 December 2023 13:30

Trading range

Trading range after each Producer Price Index (MoM) event

Forecast history

Past events

Economic context

About Producer Price Index (MoM)

Related events