The U.S. PPI Rose 10% in February, While the NY Empire State Manufacturing Index Dropped Below 0.00

According to the U.S. Department of Labor, the Producer Price Index (PPI) rose 0.8% MoM in February from the previous month, following a 1.2% increase in January.

On a year-on-year basis, the PPI rose by 10% in February, after also rising by 10% in January.

The core PPI, which excludes food and energy, rose 0.2% in February from the previous month, following a 0.8% increase in January.

On a year-over-year basis, core PPI rose 6.6% in February, following a 6.8% increase in January.

The NY Empire State manufacturing index fell to -11.80 in March from 3.10 in February. Analysts had expected an increase to 7.0. The fall below 0.0 indicates that business conditions have worsened.

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