July 15, 2026

The US PPI for June came in below expectations, with a monthly contraction of -0.3%

International

The US Producer Price Index (PPI) for June came in at -0.3% month-on-month, below the 0.0% expected by analysts. Year-on-year, the PPI slowed to +5.5%, lower than the +6.2% forecast. Meanwhile, the core PPI, which excludes food and energy, rose 0.2% month-on-month, below the expected +0.3%, while year-on-year it reached +4.7%, also below the +5.2% projected by analysts.

In terms of equities, the main US stock indices advanced yesterday. The Nasdaq led the gains with +0.9%, followed by the S&P 500 with +0.4%, while the Dow Jones remained unchanged. With these performances, the year-to-date indices show gains of 10.2%, 12.3%, and 9.2%, respectively.

Regarding commodities, gold advanced 1.3% and closed at USD 4,052.9 per ounce, while soybeans rose 0.4% to USD 443.5 per ton. In the energy sector, WTI crude gained 1.5% to USD 79.3 per barrel, while Brent crude advanced 1.7% to USD 84.7 per barrel.

Meanwhile, in Asia, China's economic activity data for the second quarter of 2026 was released. Gross Domestic Product (GDP) grew 4.3% year-on-year, below the 4.5% expected by analysts and the 5.0% growth of the previous quarter. The unemployment rate stood at 5.0%, slightly below the 5.1% forecast by analysts and the previous record.

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