U.S. ECONOMICS: U.S. PPI Preview
May's overall PPI is expected to rise 0.1% (consensus range -01.% to 0.2%) with a 0.1% core index increase (consensus range -0.2.% to 0.2%).
The 0.6% April PPI rise with a 0.5% core print increase blew past assumptions thanks to widespread gains that left 0.6% increases for both the goods and services components, with a particularly large 1.4% rise for trade services that doubled-down on the 1.4% March increase. The trade price report revealed modest May increases across most components that beat assumptions, and with a surprising lift from food export and oil import prices that supported the headline figures.
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