Source | |
Measures | Change in the price of services purchased by corporations; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, about 25 days after the month ends; |
Next Release | |
Why Traders Care | It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer; |
Also Called | CSPI; |
Acro Expand | Services Producer Price Index (SPPI), Corporate Services Price Index (CSPI); |