Nov 21, 2025
Industrial product prices rose 1.5% in October, the fifth straight sequential gain and well ahead of expectations…
… driven mainly by precious metals and copper, which rose ~10% - the largest M/M increase since 2010 and the tenth in eleven months.
Similar dynamics played out in raw materials, with big gains in metal ores offsetting continued weakness in crude products…
… which have edged down in eight of the last nine prints.
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