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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Producer Price Index ex Food & Energy fell to 1.7% in February 2013
FMPMonthlyReleased March 2013
US Producer Price Index ex Food & Energy fell to 1.7% in February 2013, released March 2013, down 0.1% from January's 1.8% reading. The reading matched the 1.7% consensus.
Latest Release
1.700000
Actual
1.700000
Consensus
1.800000
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
Producer Price Index ex Food & Energy (United States) was reported at 1.7% in February 2013. This matched the market consensus of 1.7% exactly. The reading fell from the previous value of 1.8%. This is classified as a medium-impact indicator released on a monthly basis.
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 MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Producer Price Index ex Food & Energy - US
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About Producer Price Index ex Food & Energy — United States
DEFINITION
The Producer Price Index ex Food & Energy is a key economic indicator that measures the average change in prices received by domestic producers for their goods and services, excluding the volatile food and energy sectors. This index provides valuable insight into inflationary pressures in the economy and is closely monitored by policymakers, businesses, and investors to make informed decisions about production, pricing, and investment strategies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 0.2 %, consensus 0.2 %. Prior reading (Mar 2013): 1.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.