US March PPI +2.3% vs +2.4% y/y expected

• Prior was +2.2%
• Ex food and energy +1.6% y/y vs +1.8% exp (prior +1.5%)
• Ex food, energy and trade +1.7% y/y vs +1.8% prior

Month-over-month numbers

• -0.1% vs 0.0% exp
• Prior +0.3%
• Ex food and energy 0.0% vs +0.2% exp
• Ex food, energy and trade +0.1% vs +0.2% exp

Soft numbers