Feb PPI Below Exp at -0.6%, Core Below Exp..>

US DATA: Feb PPI Below Exp at -0.6%, Core Below Exp at -0.3%

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-Feb Final Demand PPI -0.6%, Ex Food, Energy -0.3%

-Feb Final Demand PPI Ex Food, Energy, Trade Service -0.1%

-Feb Final Demand PPI Y/Y +1.3%; Ex Food, Energy Y/Y +1.4%

-Feb PPI: Gasoline -6.5%, Residential Natural Gas UNCH

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US PPI fell by -0.6% m/m, the largest drop since January 2015 (-0.6%) 

and well below the -0.1% decline expected by markets. The Bureau of Labor 

Statistics said that 60 percent of the drop can be attributed to a -0.9% 

decrease in prices for final demand goods, which was the largest drop 

since September 2015 (-1.1%). Core PPI (PPI ex food and 

energy) dropped by -0.3%, below the +0.1% expectation while core PPI ex 

trade fell by -0.1%, also below the +0.1% expectation. The decline in 

core PPI less trade was the first decline since June 2019 (-0.1%).