US PPI Slows to 4.7% Y/Y as July Prices Come in Flat

    US PPI Slows to 4.7% Y/Y as July Prices Come in Flat

    US producer inflation came in softer than expected at headline level in July, reinforcing evidence that price pressures from first oil shock are fading. PPI improved from a revised -0.1% to 0.0% m/m, below 0.2% consensus. Annual rate slowed sharply from 5.5% to 4.7%, undershooting 4.9% expected. Weakness was concentrated in goods, where prices fell…

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      China’s JD.com quarterly revenue declines but exceeds estimates

      China’s JD.com quarterly revenue declines but exceeds estimates Audio By Carbonatix Enlarge Aug 13 (Reuters) – JD.com beat quarterly revenue estimates on Thursday, helped by a longer sales period for the annual 618 shopping festival, one of China’s largest online retail events. The e-commerce giant reported a 2.9% decline in total revenue to 346.4 billion…

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