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BLS Report: PPI for final demand declines 0.3% in September; services decrease 0.2%, goods fall 0.4%
PPI for final demand declines 0.3% in September; services decrease 0.2%, goods fall 0.4%
Economic News Release USDL 19-1771
Producer Price Index News Release summary
Transmission of material in this release is embargoed until 8:30 a.m. (EDT), Tuesday, October 8, 2019
Technical information: (202) 691-7705 * ppi-info@bls.gov * www.bls.gov/ppi
Media contact: (202) 691-5902 * PressOffice@bls.gov
PRODUCER PRICE INDEXES - SEPTEMBER 2019
The Producer Price Index for final demand decreased 0.3 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.1 percent in August and 0.2 percent in July. (See table A.) On an unadjusted basis, the final demand index advanced 1.4 percent for the 12 months ended in September.
In September, the index for final demand services decreased 0.2 percent, and prices for final demand goods dropped 0.4 percent.
The index for final demand less foods, energy, and trade services was unchanged in September after rising 0.4 percent in August. For the 12 months ended in September, prices for final demand less foods, energy, and trade services advanced 1.7 percent.
Final Demand
Final demand services: The index for final demand services fell 0.2 percent in September following a 0.3-percent increase in August. Leading the decline, the index for final demand trade services decreased 1.0 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand transportation and warehousing services also moved down 1.0 percent. In contrast, the index for final demand services less trade, transportation, and warehousing climbed 0.3 percent.
Product detail: Nearly half of the September decline in prices for final demand services can be traced to the index for machinery and vehicle wholesaling, which fell 2.7 percent. The indexes for automotive fuels and lubricants retailing; apparel, jewelry, footwear, and accessories retailing; airline passenger services; gaming receipts (partial); and professional and commercial equipment wholesaling also moved lower. Conversely, prices for hospital outpatient care rose 1.1 percent. The indexes for bundled wired telecommunications access services and for food and alcohol wholesaling also advanced. (See table 4.)
Final demand goods: The index for final demand goods decreased 0.4 percent in September after a 0.5-percent drop in August. Most of the September decline is attributable to prices for final demand energy, which fell 2.5 percent. The index for final demand goods less foods and energy edged down 0.1 percent. In contrast, prices for final demand foods moved up 0.3 percent.
Product detail: Three-fourths of the September decrease in the index for final demand goods can be traced to prices for gasoline, which fell 7.2 percent. The indexes for electric power, iron and steel scrap, basic organic chemicals, fresh and dry vegetables, and light motor trucks also moved lower. Conversely, prices for meats rose 1.9 percent. The indexes for liquefied petroleum gas and pharmaceutical preparations also increased.
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The Producer Price Index for October 2019 is scheduled to be released on Thursday, November 14, 2019 at 8:30 a.m. (EST).
Economic News Release USDL 19-1771
Producer Price Index News Release summary
Transmission of material in this release is embargoed until 8:30 a.m. (EDT), Tuesday, October 8, 2019
Technical information: (202) 691-7705 * ppi-info@bls.gov * www.bls.gov/ppi
Media contact: (202) 691-5902 * PressOffice@bls.gov
PRODUCER PRICE INDEXES - SEPTEMBER 2019
The Producer Price Index for final demand decreased 0.3 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.1 percent in August and 0.2 percent in July. (See table A.) On an unadjusted basis, the final demand index advanced 1.4 percent for the 12 months ended in September.
In September, the index for final demand services decreased 0.2 percent, and prices for final demand goods dropped 0.4 percent.
The index for final demand less foods, energy, and trade services was unchanged in September after rising 0.4 percent in August. For the 12 months ended in September, prices for final demand less foods, energy, and trade services advanced 1.7 percent.
Final Demand
Final demand services: The index for final demand services fell 0.2 percent in September following a 0.3-percent increase in August. Leading the decline, the index for final demand trade services decreased 1.0 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand transportation and warehousing services also moved down 1.0 percent. In contrast, the index for final demand services less trade, transportation, and warehousing climbed 0.3 percent.
Product detail: Nearly half of the September decline in prices for final demand services can be traced to the index for machinery and vehicle wholesaling, which fell 2.7 percent. The indexes for automotive fuels and lubricants retailing; apparel, jewelry, footwear, and accessories retailing; airline passenger services; gaming receipts (partial); and professional and commercial equipment wholesaling also moved lower. Conversely, prices for hospital outpatient care rose 1.1 percent. The indexes for bundled wired telecommunications access services and for food and alcohol wholesaling also advanced. (See table 4.)
Final demand goods: The index for final demand goods decreased 0.4 percent in September after a 0.5-percent drop in August. Most of the September decline is attributable to prices for final demand energy, which fell 2.5 percent. The index for final demand goods less foods and energy edged down 0.1 percent. In contrast, prices for final demand foods moved up 0.3 percent.
Product detail: Three-fourths of the September decrease in the index for final demand goods can be traced to prices for gasoline, which fell 7.2 percent. The indexes for electric power, iron and steel scrap, basic organic chemicals, fresh and dry vegetables, and light motor trucks also moved lower. Conversely, prices for meats rose 1.9 percent. The indexes for liquefied petroleum gas and pharmaceutical preparations also increased.
{snip}
________________
The Producer Price Index for October 2019 is scheduled to be released on Thursday, November 14, 2019 at 8:30 a.m. (EST).
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[center]Facilities for Sensory Impaired[/center]
Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
