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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Producer Price Index MoM climbed to 0.0% in July 2026
FMPMonthlyReleased August 2026
US Producer Price Index MoM climbed to 0.0% in July 2026, released August 2026, up 0.1% from June's -0.1% reading. The reading missed the 0.2% consensus by 0.2%. Producer Price Index MoM has now declined for 3 consecutive months. Producer Price Index MoM is now the lowest in 8 months.
Latest Release
0
Actual
0.2
Consensus
-0.1
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.4
Actual: 0
Error: +0.4
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 |
|---|---|---|---|---|---|
| AAPL | ▼ Inverse | −0.57 | STOCKS | Moves against | → View |
| MSFT | ▼ Inverse | −0.55 | STOCKS | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.54 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (United States) was reported at 0% in August 2026. This missed the market consensus of 0.2% by 0.2%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.55%, ranging from -0.1% to 1.4% across 8 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 0.83%, up from the prior three at 0.57%. Volatility over the past year (σ 0.48%) is lower than the prior year (σ 1%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AAPL (Bearish AAPL). A secondary relationship exists with MSFT, negatively correlated (Bearish MSFT). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29%.
WHAT TO WATCH NEXT
The next release is scheduled for September 10, 2026. Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Aug 19) and EIA Crude Oil Stocks Change (Aug 19).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Producer Price Index MoM - US
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About Producer Price Index MoM — United States
DEFINITION
US Producer Price Index MoM for July came in at 0.000000%, missing the 0.200000% estimate and up from June's -0.100000%. The flat reading signals a pause in wholesale inflation after a slight contraction the previous month. Market focus will remain on upcoming inflation data and Federal Reserve policy amid this cooling trend. Updated 8/13/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Jul 2026): actual 0 %, consensus 0.2 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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 AAPL (Bearish AAPL, r=-0.57) — a useful reference for stocks-focused traders.
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Economic Calendar - US Events
| Tuesday, August 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Housing Starts MoM | -12.4 | 19.7 | -4.7 | -6.45 | Medium |
| 12:30 | US | Import Prices YoY | 5.9 | 7.1 | 7.2 | 6.55 | Low |
| 12:30 | US | Import Prices MoM | -0.4 | -0.3 | 0.1 | -0.15 | Medium |
| 12:30 | US | Export Prices MoM | -1.3 | -0.7 | 0.2 | -0.55 | Medium |
| 12:30 | US | Housing Starts | 1.239 | 1.415 | 1.35 | 1.34 | High |
| 12:30 | US | Export Prices YoY | 8.2 | 10.2 | 9.6 | 8.90 | Low |
| 12:30 | US | Building Permits MoM | 5 | -2.6 | 1.2 | 3.47 | Medium |
| 12:30 | US | Building Permits | 1.443 | 1.374 | 1.37 | 1.40 | High |
| 13:15 | US | Manufacturing Production YoY | 1.2 | 1.1 | 1.5 | 1.35 | Low |
| 13:15 | US | Manufacturing Production MoM | 0.2 | 0.3 | 0.2 | 0.20 | Low |
| 13:15 | US | Capacity Utilization | 76.3 | 76.2 | 76.3 | 76.30 | Low |
| 13:15 | US | Industrial Production YoY | 1.1 | 1.29 | 1 | 1.05 | Low |
| 13:15 | US | Industrial Production MoM | 0.2 | 0.3 | 0.3 | 0.25 | Medium |
| 14:00 | US | Pending Home Sales MoM | -2.3 | -4.8 | 0.3 | -1.00 | Medium |
| 14:00 | US | Pending Home Sales YoY | -2.2 | -0.3 | 1.4 | -0.40 | Medium |
| 14:20 | US | Atlanta Fed GDPNow | 4 | 4.3 | 4.3 | 4.30 | Medium |
| Wednesday, August 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:30 | US | EIA Crude Oil Stocks Change | 17.422 | 0.2 | -2.28 | Medium | |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Continuing Jobless Claims | 1777 | 1790 | 1786.00 | Low | |
| 12:30 | US | Philadelphia Fed Manufacturing Index | 41.4 | 25 | 15.80 | Medium | |
| 12:30 | US | Initial Jobless Claims | 209 | 210 | 209.50 | Medium | |
| 12:30 | US | Jobless Claims 4-Week Average | 199 | 200 | 199.75 | Low | |
| 14:00 | US | Leading Index MoM | -0.2 | 0.1 | 0.10 | Medium | |