April’s numbers have come in at -1.2% m/m, -1.5% y/y, much weaker than median forecasts of +0.1%, -0.2% respectively.
On the flip side, March data saw decent upward revisions. To +0.5% m/m from previous flat, and to +1.3% y/y from previous -0.1%
April’s numbers have come in at -1.2% m/m, -1.5% y/y, much weaker than median forecasts of +0.1%, -0.2% respectively.
On the flip side, March data saw decent upward revisions. To +0.5% m/m from previous flat, and to +1.3% y/y from previous -0.1%