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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS PPI Final Demand Ex Food Energy Trade climbed to 154.3 in March 2026
U.S. Bureau of Labor StatisticsMonthlyReleased April 2026
US PPI Final Demand Ex Food Energy Trade climbed to 154.3 in March 2026, released April 2026, up 1.54 from February's 152.76 reading.
Latest Release
154.301000
Actual
—
Consensus
152.757000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.73 | FOREX | Bullish NZD | → View |
| MSFT | ▼ Inverse | −0.70 | STOCKS | Bearish MSFT | → View |
| XAU/USD | ▲ Direct | +0.68 | COMMODITIES | Bullish XAU | → View |
| AAPL | ▲ Direct | +0.41 | STOCKS | Bullish AAPL | → View |
| AUD/USD | ▲ Direct | +0.39 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Final Demand Ex Food Energy Trade (United States) was reported at 154.30 Index Nov 2009=100 in March 2026. The reading rose from the previous value of 152.76 Index Nov 2009=100. Over the past 12 months, the indicator has averaged 150.36 Index Nov 2009=100, ranging from 147.91 Index Nov 2009=100 to 154.30 Index Nov 2009=100 across 10 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 153.09 Index Nov 2009=100, up from the prior three at 150.08 Index Nov 2009=100. Volatility over the past year (σ 2.07 Index Nov 2009=100) is higher than the prior year (σ 1.35 Index Nov 2009=100). In April readings over the past 3 years, PPI Final Demand Ex Food Energy Trade has averaged 147.74 Index Nov 2009=100.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with MSFT, negatively correlated (Bearish MSFT).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Philadelphia Fed Manufacturing Index (Jun 18) and Initial Jobless Claims (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update April 2026.
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PPI Final Demand Ex Food Energy Trade - US
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About PPI Final Demand Ex Food Energy Trade — United States
DEFINITION
US PPI Final Demand Ex Food Energy Trade rose to 149.709000 in December 2025 from 149.006000 in November, continuing its steady upward trend. The index expanded modestly, marking a 0.70-point increase and maintaining pressure above the 12-month average of 147.68. Market reaction was muted as core producer inflation remains steady, with investors awaiting further CPI and employment data. Updated 4/3/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 154.3 Index Nov 2009=100. Prior reading (Mar 2026): 152.8 Index Nov 2009=100. Before that (Feb 2026): 152.2 Index Nov 2009=100.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.73) — a useful reference for forex-focused traders.