US PPI down -0.5% mom in Oct, biggest fall since Apr 2020

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<p>US PPI for final demand fell -0.5% mom in October, below expectation of 0.1% mom rise. That’s also the largest monthly decline since April 2020. PPI goods fell -1.4% mom while PPI services was unchanged. For the 12 months period, PPI slowed from 2.2% yoy to 1.3% yoy, below expectation of 1.9% yoy. PPI less […]</p>
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