U.K. released the producers' price index for August, where the index consists of the PPI input, the PPI output and PPI output core.
The non-seasonally adjusted PPI input dropped by 1.9% from the revised prior expansion of 0.5% from 0.6%, below the expected drop of 1.5%. On the other hand, the annual non-seasonally adjusted PPI input expanded by 16.2% from the revised prior of 18.3% from 18.5%, worse than the expected expansion of 16.8%.
Moreover, the non-seasonally adjusted PPI output expanded by 0.1% from the adjusted previous of 0.3% from 0.2% in line with the expected estimate. However, the non-seasonally adjusted annual PPI output was unchanged at 6.1%, above the expected estimate of 5.9%
Furthermore, the non-seasonally adjusted PPI output core expanded by 0.2% from the adjusted previous of 0.4% from 0.3%, above the expected estimate. In addition, the non-seasonally adjusted annual PPI output core also expanded by 3.6% from the revised previous of 3.4% from 3.3 above the expected estimate of 3.4%.