The US PPI data for the month of March came in weaker than
expectations. The month on month final demandfell by -0.1% vs. +0.2%
expected. taking out the volatile food and energy prices decline by
-.1% as well vs. +0.1% estimate.
Year on year final demand fell by -0.1% vs. +0.3% estimate. The ex-food and energy was also weaker at =1% vs. +1.3% estimate.
Taking out the effects of Trade, food and energy
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