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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS PPI Exl. Food and Energy YoY fell to 1.2% in August 2013
U.S. Bureau of Labor StatisticsMonthlyReleased August 2013
US PPI Exl. Food and Energy YoY fell to 1.2% in August 2013, down 0.5% from July's 1.7% reading. The print came in cooler than the 1.4% consensus, a softer print than forecasters anticipated.
Latest Release
1.2
Actual
1.4
Consensus
1.7
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Exl. Food and Energy YoY (United States) was reported at 1.2% in August 2013. This missed the market consensus of 1.4% by 0.2%. The reading fell from the previous value of 1.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2013.
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PPI Exl. Food and Energy YoY - US
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About PPI Exl. Food and Energy YoY — United States
DEFINITION
The PPI Excluding Food and Energy Year-over-Year (YoY) is a financial indicator that measures the change in the prices of goods and services produced by industries, excluding the volatile food and energy sectors, over a 12-month period. This indicator is used by economists and investors to gauge inflationary pressures in the economy and assess the overall health of the manufacturing sector. It provides valuable insights into the underlying trends in prices and can help inform decision-making in various industries.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2013): actual 1.2 %, consensus 1.4 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.