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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS PPI Final Demand Services fell to 157.23 in June 2026
U.S. Bureau of Labor StatisticsMonthlyReleased July 2026
US PPI Final Demand Services fell to 157.23 in June 2026, released July 2026, down 0.97 from May's 158.2 reading.
Latest Release
157.231000
Actual
—
Consensus
158.200000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.74 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.62 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.59 | FOREX | Moves with | → View |
| NZD/USD | ▲ Direct | +0.59 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Final Demand Services (United States) was reported at 157.23 Index Nov 2009=100 in June 2026. The reading fell from the previous value of 158.20 Index Nov 2009=100. Over the past 12 months, the indicator has averaged 152.50 Index Nov 2009=100, ranging from 147.05 Index Nov 2009=100 to 160.23 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 downward over the last three releases. The trailing three releases averaged 158.55 Index Nov 2009=100, up from the prior three at 153.18 Index Nov 2009=100. Volatility over the past year (σ 4.91 Index Nov 2009=100) is higher than the prior year (σ 1.59 Index Nov 2009=100). In July readings over the past 3 years, PPI Final Demand Services has averaged 149.96 Index Nov 2009=100.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bearish USD). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts MoM (Sep 17) and Building Permits MoM (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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PPI Final Demand Services - US
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About PPI Final Demand Services — United States
DEFINITION
US PPI Final Demand Services rose to 161.073 in May, up from April’s 156.556, marking a continued acceleration in producer prices. This increase from April to May signals persistent inflationary pressures in the service sector. Market participants will watch upcoming data closely amid ongoing Federal Reserve policy adjustments. Updated 7/4/26
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 (Jul 2026): actual 157.2 Index Nov 2009=100. Prior reading (Jun 2026): 158.2 Index Nov 2009=100. Before that (May 2026): 160.2 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 bearish 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 USD/CAD (Bearish USD, r=-0.74) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Retail Sales MoM | 1.2 | -0.5 | 0.8 | 1.00 | High |
| 12:30 | US | Retail Sales Ex Autos MoM | 1.4 | -0.2 | 0.5 | 0.95 | High |
| 12:30 | US | Import Prices YoY | 7 | 6.1 | 6.4 | 6.70 | Low |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | 1.2 | -0.3 | 0.2 | 0.70 | High |
| 12:30 | US | Retail Sales YoY | 6 | 5.03 | 4.7 | 5.35 | High |
| 12:30 | US | Export Prices MoM | 0.6 | -1.4 | 0.5 | 0.55 | Medium |
| 12:30 | US | Import Prices MoM | 0.7 | -0.3 | 0.4 | 0.55 | Medium |
| 12:30 | US | Export Prices YoY | 8.6 | 8.1 | 8.5 | 8.55 | Low |
| 14:00 | US | Business Inventories MoM | 0.8 | 0.1 | 0.3 | 0.55 | Medium |
| 14:00 | US | NAHB Housing Market Index | 32 | 35 | 34 | 33.00 | Medium |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.8 | -0.5 | 0.7 | 0.75 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -0.64 | -0.391 | -1.6 | -1.12 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 0.794 | 1.269 | -1 | -0.10 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.585 | 2.087 | 0.1 | 0.84 | Low |
| 16:00 | US | Atlanta Fed GDPNow | 5.1 | 4.4 | 4.4 | 4.75 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 3.75 | 4 | 4.00 | High |
| 20:00 | US | Net Long-Term TIC Flows | -27.9 | 174.4 | 146.3 | 109.78 | Medium |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Housing Starts MoM | -12.4 | 9 | 9.00 | Medium | |
| 12:30 | US | Building Permits MoM | 4.3 | -1.6 | -1.60 | Medium | |
| 12:30 | US | Building Permits | 1.433 | 1.41 | 1.41 | High | |
| 12:30 | US | Housing Starts | 1.239 | 1.31 | 1.31 | High | |
| 12:30 | US | Continuing Jobless Claims | 1774 | 1780 | 1785.00 | High | |
| 12:30 | US | Initial Jobless Claims | 206 | 208 | 208.50 | High | |
| 12:30 | US | Philadelphia Fed Manufacturing Index | 47.4 | 30.5 | 30.65 | Medium | |
| 12:30 | US | Jobless Claims 4-Week Average | 206 | 206 | 206.13 | High | |
| 14:00 | US | Pending Home Sales YoY | -2.2 | -0.7 | -0.70 | Medium | |
| 14:00 | US | Pending Home Sales MoM | -2.3 | 2 | 2.00 | Medium | |
| 14:30 | US | EIA Natural Gas Stocks Change | 40 | 49 | 48.00 | Low | |
| Friday, September 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:15 | US | Industrial Production MoM | 0.2 | 0.3 | 0.30 | Medium | |
| 13:15 | US | Capacity Utilization | 76.3 | 76.4 | 76.40 | Low | |
| 13:15 | US | Manufacturing Production YoY | 1.2 | 1.1 | 1.10 | Low | |
| 13:15 | US | Industrial Production YoY | 1.1 | 1 | 1.00 | Low | |
| 13:15 | US | Manufacturing Production MoM | 0.2 | 0.3 | 0.30 | Low | |
| 14:00 | US | Leading Index MoM | 0.2 | 0.1 | 0.10 | Low | |