Economy

Producer price index June 2020

0


Jaeden Milam makes clear acrylic safety shield dividers on a computer-controlled cutting machine at Screaming Images amid the spread of the coronavirus on May 18, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images

U.S. producer prices unexpectedly fell in June as the economy battles depressed demand amid the Covid-19 pandemic.

The Labor Department said on Friday its producer price index for final demand dropped 0.2% last month after rebounding 0.4% in May. In the 12 months through June, the PPI declined 0.8% after decreasing 0.8% in May.

Economists polled by Reuters had forecast the PPI climbing 0.4% in June and falling 0.2% on a year-on-year basis.

This is breaking news. Please check…



Source cnbc.com

Wearing masks is now the most important thing for the economy, Fed’s Kaplan says

Previous article

Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Economy