U.S. PPI for final demand fell 0.3% in June; goods dropped 1.4% while services rose 0.2%

The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted. On an unadjusted basis, the index increased 5.5 percent for the 12 months ended in June. This decline was driven by a 1.4 percent fall in final demand goods, led by a 6.4 percent drop in final demand energy prices, while final demand services increased by 0.2 percent, largely due to a 0.4 percent rise in margins for final demand trade services.