The April overall-PPI, due Wednesday (8:30 a.m. ET), is expected to rise 0.2% (consensus range of 0.0% to 0.4%, median 0.2%) with a 0.2% core index increase (consensus range of 0.0% to 0.3%).
The 0.5% U.S. March PPI rise, with a 0.6% core price increase, beat assumptions thanks to a big 1.4% trade services bounce (which measures changes in margins received by wholesalers and retailers) after a 1.0% February drop, and a 0.7% rise in services overall after a 0.3% February decline.
This morning's trade price report revealed big downside April surprises for the non-agricultural export index, thanks to a drop-back in natural gas prices , and in petroleum import prices.
This morning's trade price report revealed big downside April surprises for the non-agricultural export index, thanks to a drop-back in natural gas prices, and in petroleum import prices.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
