According to Jin10, a key measure of U.S. producer-price inflation slowed in June. Producer Price Index data excluding food and energy showed a 4.7% year-over-year increase and a 0.2% month-over-month rise. Headline PPI increased 5.5% from a year earlier.
The report also said the New York Federal Reserve’s general business conditions index for manufacturing rebounded in July. The improvement was tied to stronger new orders and shipments, while the employment indicator climbed to its highest level since December 2022.
The data points to easing momentum in one core producer inflation gauge at the same time that regional factory activity strengthened. The figures cited in the report were attributed to Jin10 and relayed by ChainCatcher.
ChainCatcher, citing Jin10, reported that a key gauge of U.S. producer-price inflation slowed in June. The Producer Price Index excluding food and energy rose 4.7% from a year earlier and 0.2% from the previous month.
Headline PPI was up 5.5% year over year.
Separately, the New York Federal Reserve’s general business conditions index for manufacturing rebounded in July, with the increase linked to gains in new orders and shipments. The employment indicator rose to its highest level since December 2022.
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