Producer Price Index. USA, 14:30 (GMT+2)
The index reflects the average change in prices for goods and services from the point of view of sellers and considers three areas of production: industrial, commodity and manufacturing. When producers pay more for goods and services, they are likely to shift higher costs to the consumer, which is why the index is considered a leading indicator of consumer inflation. A reading that is stronger than forecast is supportive for the USD, while a weaker than forecast reading is negative for the USD. In August, PPI is expected to decline from 0.2% to 0.1%, while the Core PPI (excluding food and energy), on the contrary, may grow from –0.1% to 0.2%.