US: PPI for final demand advances 0.5% in April; services increase 0.4%, goods rise 0.5%

The Producer Price Index for final demand advanced 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported on Thursday.

Key finding:

• Final demand prices edged down 0.1 percent in March and climbed 0.3 percent in February
• On an unadjusted basis, the final demand index rose 2.5 percent for the 12 months ended April 2017, the largest increase since moving up 2.8 percent for the 12 months ended February 2012
• Prices for final demand less foods, energy, and trade services increased 0.7 percent in April. For the 12 months ended in April, the index for final demand less foods, energy, and trade services climbed 2.1 percent