The United Kingdom released the Producers' Price Index non-seasonally adjusted figures for October, where the monthly PPI input dropped by 0.8% from the revised previous of 1.8% from 1.7%, more than the expected 0.3% drop. In addition, the annual PPI input also retreated to 14.1% from the revised previous of 17.7% from 17.5%, yet below the expected estimate of 14.5%.
Moreover, the monthly PPI output was flat in the month compared to the previous expansion of 0.3%, below the expected 0.1% expansion. The annual PPI output retreated to 5.7% from 5.9%, better than expectations of 5.9%.
The monthly PPI output core dropped 0.1% from the prior of 0.3%, below the expected 0.1% estimate. Furthermore, the annual PPI output core expanded by 3.4% from 3.8%, below the expected 3.6% estimate.