Woofun AI data shows that the US producer price index excluding food and energy rose 4.7% year-on-year and 0.2% month-on-month in June. The overall PPI increased by 5.5% year-on-year during the same period.

The New York Federal Reserve Bank’s general business conditions index for manufacturing activity rebounded in July, driven by growth in new orders and shipments. The employment index reached its highest level since December 2022.