US DATA: March PPI unchanged; core +0.3%; overall misses
expectations of 0.3% increase and core just above expectations of +0.2%.
One-third of core index rise due to light trucks (+0.7%). Passenger
cares (+0.8%)and soaps/other detergents (+2.1%) also fed increase. Mar
PPI +2.8% y/y, core +2.9% y/y. Energy -1.0%, largest decrease since
Oct’11 (-1.5%); gasoline -2.0%, diesel -6.3%, LPG +6.8%, home heating
oil -1.2%, res electric -0.3%, res nat gas +0.7%. Food +0.2% (largest
since Nov’11) led by vegetables (+12.8%) and pork (+3.1%). Intermediate
goods +0.7%, intermediate core +0.6%; Crude goods -2.5%; largest
decrease since May’11 (-2.8%), core crude +1.1%.