Producer Prices Surge At Fastest Rate In Almost 6 Years

@zerohedge -

@zerohedge—Following September's hotter-than-expected Core PPI (and 5Y high in PPI), October was expected to see a modest slowdown but headline PPI printed a massive 2.8% YoY (smashing the 2.4% exp). This is the hottest PPI since Jan 2012,  driven by surges in fuel prices and drugs. Core PPI also beat expectations, rising 2.4% YoY (vs 2.2% exp) - also the highest since Feb 2012... Under the hood... Nearly half of the increase in prices for final demand services can be attributed to margins for fuels...

UK productivity grows at its fastest rate in over 6 years — and unemployment falls again. UK headline unemployment rate remains unchanged, but 59,000 fewer people are out of work than in the previous period, ONS says. Headline unemployment stays at 4.3%, while headline employment reading drops from 75.1% to 75%. Productivity picked up in the quarter, according to the ONS, growing at its highest rate since the middle of 2011. LONDON – UK unemployment remained at its lowest level since 1975, while productivity finally started to pick up, according to the latest data from the Office...