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US: PPI rose 0.2% MoM in January

The Labour Department reported that Producer Prices rose 0.2% MoM during January, missing expectations at +0.3% and bettering December’s print at -0.2%. Over the last twelve months, prices have matched estimates at +1.4%.

Ex food and energy, Producer Prices rose 0.2% MoM and 1.8% YoY.

US: Building Permits (MoM) in Jan at 0.925M vs 0.903M in Dec

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US: Housing Starts (MoM) in Jan at 0.89M vs 0.973M in Dec

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