UK PPI output ticks down in July

PPI input for July slid to -1.0% compared with the prior -0.2%, revised to -0.3%, and estimates of -0.5%. On the year, the reading missed forecasts of 11.4%, yet higher than the previous 10.7%. PPI output rose to 0.1% relative to the flat projections and the prior drop of 0.3%. Annually, the reading came in at 5.0% from 5.1% and estimates of 4.9%. PPI output core surged to 0.2% from -0.3%