Canada December producer value index +Zero.2% vs +Zero.6% anticipated

• Prior was +Zero.6%
• PPI y/y +four.1% vs +2.2% prior
• Uncooked supplies value index +1.three% m/m vs -Zero.5% anticipated
• Uncooked supplies value index +9.1% m/m vs +2.Zero% anticipated

The headline right here is misleading as there are some large year-over-year declines. A lot of that’s base results with final December’s studying of -1.6% m/m rolling off however these headline y/y numbers ought to give pause.

This text was written by Adam Button at www.ubaidahsan.com.



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