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Industrials Up After PPI Data -- Industrials Roundup

08/11/2022 | 04:29pm EDT

Shares of industrial and transportation companies rose after wholesale inflation data suggested cost pressures on the sector were diminishing.

The producer-price index, which generally reflects supply conditions in the economy, increased by 9.8% annually in July, the Labor Department said.

German industrial conglomerate Siemens cut posted a fiscal third-quarter loss due to an impairment on its investment in Siemens Energy.

German freight shipping line Hapag-Lloyd said higher shipping rates generated a sharp increase in second-quarter profit.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-11-22 1628ET

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 2.99% 101.2 Delayed Quote.-35.64%
SIEMENS ENERGY AG 0.57% 11.385 Delayed Quote.-49.67%
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