U.S. producer inflation (PPI for July) came in better than expected.

The monthly PPI remained virtually unchanged, while the annual and core figures declined compared to the previous reading.

PPI (y/y): 4.7% | forecast 4.9% | prev. 5.5%
PPI (m/m): 0.0% | forecast 0.2% | prev. −0.1%
Core PPI (y/y): 4.2% | forecast 4.2% | prev. 4.7%
Core PPI (m/m): 0.2% | forecast 0.3% | prev. 0.4%