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US PPI Increases by 0.1% | China Seeking to Ease Trade Tensions

Published September 11, 2019
  • The US Producer Price Index rose 0.1% in August, according to the Bureau of Labor Statistics today. Final demand prices moved up 0.2% in July and 0.1% in June. On an unadjusted basis, the final demand index rose 1.8% for the 12 months ended in August.
  • China is seeking to ease the impact of the trade war by exempting certain US goods from the 25% tariffs put in place last year. The Chinese tariff retaliation strategy is focused heavily on curbing trade of agricultural and manufactured goods produced in US states key to President Donald Trump’s re-election chances.
  • Canadian industries reports indicated the country is operating at 83.3% of their production capacity in the second quarter, up from 81.1% in the previous quarter. This was the highest capacity utilization rate since the second quarter of 2018. The mining, quarrying, and oil and gas extraction sectors were the main source of this increase.
  • The European Central Bank appears set to announce a range of stimulus measures Thursday, with markets waiting anxiously for details of a plan that could include both lower interest rates and fresh bond purchases. The ECB’s current deposit rate is minus 0.4%.