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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.8% | -1.7% | -1.0% | ||
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Monthly Change For May
Input y/y: -9.4%, forecast -8.3%, pr. -5.0% (Apr), -0.4% (Mar), 0.5% (Feb),
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| 9/8 | 10/13 | 11/10 | 12/8 | 1/9 | 2/6 | 3/6 | 4/9 | 5/8 | 6/5 | ||
| Actual | -2.0% | -1.2% | -5.6% | -3.3% | -2.0% | 1.5% | 0.6% | 1.0% | -1.0% | 0.4% | |
| Forecast | -1.2% | -1.5% | -2.6% | -2.8% | -2.0% | 0.5% | -0.1% | 0.8% | 0.7% | 0.8% | |
| Previous | -0.6% | -2.0% | -1.7% | -5.6% | -3.0% | -2.0% | 0.9% | 0.6% | 1.0% | -1.7% | |
| Revised From | N/A | N/A | -1.2% | N/A | -3.3% | N/A | 1.5% | N/A | N/A | -1.0% | |
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.4% | 0.6% | N/A | ||
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For May
Output y/y: -0.3%, forecast -0.4%, pr. 1.2% (Apr), 2.0% (Mar), 3.0% (Feb),
Output Core y/y: 1.2%, forecast 1.2%, pr. 2.4% (Apr), 3.3% (Mar),
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| 9/8 | 10/13 | 11/10 | 12/8 | 1/9 | 2/6 | 3/6 | 4/9 | 5/8 | 6/5 | ||
| Actual | -0.6% | -0.3% | -1.0% | -0.7% | 0.0% | 0.1% | 0.1% | 0.1% | 0.6% | 0.4% | |
| Forecast | 0.0% | -0.4% | -0.4% | -0.6% | -0.7% | -0.1% | 0.1% | 0.1% | 0.2% | 0.4% | |
| Previous | 0.4% | -0.7% | -0.2% | -1.0% | -0.7% | 0.0% | 0.1% | 0.0% | 0.1% | 0.6% | |
| Revised From | N/A | N/A | -0.3% | N/A | N/A | N/A | N/A | 0.1% | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | 0.7% | 1.0% | N/A | ||
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Monthly Change For April
Input y/y: -5.0%, forecast -3.5%, pr. -0.4% (Mar), 0.5% (Feb), 1.5% (Jan),
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.2% | 0.1% | N/A | ||
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For April
Output y/y: 1.2%, forecast 0.7%, pr. 2.0% (Mar), 3.0% (Feb), 3.5% (Jan),
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.8% | 0.6% | N/A | ||
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Monthly Change For March
Input y/y: -0.4%, forecast -0.7%, pr. 0.5% (Feb), 1.5% (Jan), 4.3% (Dec),
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.1% | 0.0% | 0.1% | ||
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For March
Output y/y: 2.0%, forecast 2.1%, pr. 3.0% R (Feb), 3.5% (Jan), 4.7% (Dec),
Factory output prices rose by 0.1% on the month, and are 2% higher than they were one year ago. That annual rate is the slowest increase in prices in 20 months, continuing a trend of decelerating prices as a result of the recession and lower raw material costs. Core output prices were up 3.3% on the year, slower than in February, but higher than expectations. The data reinforces the idea that inflation is not currently a problem, and that the central bank can continue to keep interest rates low. |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | -0.1% | 0.9% | 1.5% | ||
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For February
Input y/y: 0.5%, forecast 1.1%, pr. 1.5% (Jan), 4.3% (Dec), 8.6% (Nov),
UK producer price growth eased in February, data from the Office for National Statistics showed. UK PPI input increased a more-than-expected 0.6% m/m mainly due to the rise in crude oil prices, following January’s downwardly revised 0.9% m/m rise. PPI input rose a less-than-expected 0.5% y/y in February, decelerating from January’s downwardly revised 1.5% y/y rate. |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.1% | 0.1% | N/A | ||
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For February
Output y/y: 3.1%, forecast 3.1%, pr. 3.5% (Jan), 4.7% (Dec), 5.1% (Nov),
While PPI input data deviated from expectations, PPI output figures came in as forecast in February. PPI output increased 0.1% m/m in February, the same rate as in January. The PPI output inflation rate rose at 3.1% y/y, decelerating from January’s 3.5% y/y. Output core prices remained unchanged m/m February, following a downwardly revised 0.3% m/m increase in January. The core PPI output growth rate was at 3.7% y/y, as forecast, decelerating from January’s downwardly revised 4.0% y/y. |
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Actual | Forecast | Previous | Revised Form | |
| 1.5% | 0.5% | -2.0% | N/A | ||
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For January
Input y/y: 2.3%, forecast 2.0%, pr. 4.3% (Dec), 8.6% (Nov),
13.8% (Oct),
Input prices at UK factories rose more than expected for the month of January, climbing 1.5%. That's the highest level since June 2008, right before oil prices went south. If this means we are seeing a return of higher prices in the production process or if this is a one-month blip in the data we've seen will become more apparent as more inflation data comes in from the UK. |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | -0.1% | 0.0% | N/A | ||
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For January
Output y/y: 3.5%, forecast 3.4%, pr. 4.7% (Dec), 5.1% (Nov), 6.7% (Oct),
Producer prices rose for the first time in 6 months, climbing 0.1% on the month and 3.5% on the year. Factory gate prices have been seeing disinflation as lower oil prices worked its way through the production process and weaker demand caused factories to cut their prices to attract business. Today's data though, came in above expectations. |
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Actual | Forecast | Previous | Revised Form | |
| -2.0% | -2.0% | -3.0% | -3.3% | ||
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For December
Input y/y: 4.3%, forecast 3.0%, pr. 8.6% (rev from 7.5%, Nov),
The price at which UK factories buy materials and fuel fell 2% in December, which met expectations. This comes mainly as the price of fuel decreased. In annual terms input prices rose to 4.3%, but only a couple of months ago this indicator was as high as 30%. |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | -0.7% | -0.7% | N/A | ||
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For December
Output y/y: 4.7%, forecast 4.6%, pr. 5.1% (Nov), 6.7% (Oct), 8.5% (Sep),
Producer output prices did not change in December, a result that was stronger than expected following a drop of 0.7% in November. That put the annual rate at 4.7% from 5.1% in November. That fall was slower that we have seen the previous several months as prices tumbled from a peak of more than 10% back in June. Annual core prices remained stable at 5% implying a level of stickiness to prices though with the economy reeling, factories are going to have to discount their goods in the next year.
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Actual | Forecast | Previous | Revised Form | |
| -3.3% | -2.8% | -5.6% | N/A | ||
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For November
PPI Input y/y: 7.5%, forecast 6.5%, pr. 13.8% (Oct), 24.0% (Sep),
Input prices are declining at a rapid pace, falling 3.3% in October, and bringing the year on year change to 7.5% from 13.58%. Meanwhile, because manufacturers are able to lower their costs, the prices of goods they sell are also declining. The output price index shrank 0.7% on the month, and rose 5.1% on the year (fomo 6.8% y/y). This is good news for consumers who will feel the lower prices at the retail end and leaves the door wide open for the BoE to continue cutting rates.
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Actual | Forecast | Previous | Revised Form | |
| -0.7% | -0.6% | -1.0% | N/A | ||
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For November
PPI Output y/y: 5.1%, pr. 6.7% (r-) (Oct), 8.5% (Sep), 8.5% (Aug),
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Actual | Forecast | Previous | Revised Form | |
| -5.6% | -2.6% | -1.7% | -1.2% | ||
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For October
PPI Input y/y: 13.8%, forecast 18.0%, pr. 24.0% (rev from 24.5% - Sep),
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -0.4% | -0.2% | -0.3% | ||
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For October
PPI Output y/y: 6.8%, forecast 7.4%, pr. 8.5% (Sep), 8.5% (Aug),
UK factory prices declined more than expected in October. Output prices fell 1% on the month as oil prices and scrap metal costs fell. On the year, prices were 6.8% higher, but this is was still a deceleration from September. The monthly decrease of 1% was the largest decrease since records began in1986. Petroleum prices were down 5.6% on the month, the highest monthly drop since May 1986. Input prices were down 5.6%, but was 13.8% higher than in October of last year. That was also the largest monthly decrease and the sharpest slowdown in the in the rate of annual increase since comparable records began in 1986. |
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Actual | Forecast | Previous | Revised Form | |
| -1.2% | -1.5% | -2.0% | N/A | ||
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For September
PPI Input y/y: 24.5%, forecast 19.8%, pr. 28.8% (rev from 26.0% - Aug),
UK producer inflation was down for the second month in a row in September. Output prices were down 0.3% on the month and cooled to an annual pace of 8.5%. August's figure was revised lower as well. This reflects a continued fall in oil prices as a result of weaker demand globally in the midst of slower growth. Input prices, which reflect prices producers pay for materials, were down 1.2% on the month. In annual terms input prices were 24.5% higher, which was higher than forecasts though lower than last month's revised 28.8%.
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -0.4% | -0.7% | N/A | ||
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For September
PPI Output y/y: 8.5%, forecast 8.8%, pr. 9.1% (rev from 9.7% - Aug),
See "Producer Price Index Input" for commentary. |
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Actual | Forecast | Previous | Revised Form | |
| -2.0% | -1.2% | -0.6% | N/A | ||
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For August
(s.a)
PPI Input y/y: 26.0%, forecast 29.2%, pr. 30.1% (Jul), 30.8% (Jun)
UK producer prices fell further than expected in August, as the cost of materials and oil declined, and the economy slowed. Prices charged by factories (output prices) slipped 0.6%, the first decline since October 2006, and the biggest fall since the series began in 1986. Raw material costs (input prices) declined 2.0% on the month. On the year input prices are 26.0% higher than last year, though its a reduction from July's figure of 30.1%. The data will alleviate pressure on the BOE, which would like to help the economy by lowering rates, but remains concerned about inflation. Inflation accelerated to 4.4% in July. Last week, the Bank held rates steady at 5% for the 5th straight meeting.
The Pound rose against the Dollar in the wake of the weekend announcement that the Fed was going to take over Fannie Mae and Freddie Mac, but gave up its gains in a sharp 330 pip drop that was accentuated by the PPI result.
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Actual | Forecast | Previous | Revised Form | |
| -0.6% | 0.0% | 0.4% | N/A | ||
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For August (n.s.a)
PPI Output y/y: 9.7%, forecast 10.0%, pr. 10.3% (Jul), 10.0% (Jun)
See "Producer Price Index Input" for commentary.
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