USA PPI (YoY) For July 0.8% Vs 0.7% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Producer Price Index (PPI) for July has increased to 0.8%, exceeding the estimated 0.7% and the prior value of 0.2%.
August 11, 2023 | 12:31 pm
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NEGATIVE IMPACT
The higher than expected PPI may lead to inflation concerns, potentially impacting the overall market and ETFs like SPY.
The Producer Price Index (PPI) is a key indicator of inflation. A higher than expected PPI suggests increased inflation, which can lead to higher interest rates. This can negatively impact the overall stock market and ETFs like SPY, as higher interest rates can make borrowing more expensive for companies, potentially slowing economic growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75