UK's PPI rises in July

By @ibtimes on

United Kingdom PPI input non-seasonally adjusted for the month of July rose 0.6% from the revised previous of 0.2% from 0.4% and lower than market expectations of 0.7%. On the year the PPI input rose to 18.5% following the revised previous of 16.8% from 17.0% and below market expectations of 18.7%.

PPI output non-seasonally adjusted for the month of July came in line with expectations at 0.2% but higher than the previous 0.1%. On the year the PPI output rallied 5.9% following the previous 5.7% and higher than market expectations of 5.8%.

Core PPI output, Non-seasonally adjusted in July rose 0.3% above expectations and the previous of 0.2%, while on the year, the index showed a 3.3% increase higher than market expectations and previous of 3.2%.

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