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Supply Chain Monitor: PPI July 2024
Overall, the July PPI report shows an increasingly stable and muted inflation picture.
Overall, the July PPI report shows an increasingly stable and muted inflation picture.
The June G.17 Industrial Production report outperformed expectations.
Overall, the June PPI reading saw continued normalization towards pre-pandemic rates of input cost growth. PPI for All Commodities increased by 0.1% month over month in June, for a 0.6% year over year increase.
Both the Manufacturing and Services side of the ISM PMI surveys showed noticeable weakness in June.
The industrial production data posted slow growth for the month of May 2024, with the index rising 0.9% over the previous month, which translates to a 0.4% increase in year over year terms.