US June PP +0.1% vs +0.0% expected

June PPI

• Prior was 0.0%
• Ex food and energy +0.1% vs +0.2% exp
• Ex food, energy and trade +0.2% vs +0.2% exp

Year-over-year data

• 2.0% vs 1.9% exp
• Ex food and energy 1.9% vs 2.0% exp
• Ex food, energy and trade 2.0% vs 2.1% prior

The headline numbers are a touch strong and the core numbers are a touch soft. On net, there isn't anything to take away.