MNI: Final demand for U.S. PPI in April declined.....>

MNI: Final demand for U.S. PPI in April declined by -1.3%, the largest drop

since the index started in December 2009. The drop in PPI was steeper than the

-0.5% markets expected, according to the BBG estimate, and shows an acceleration

in the rate of decline from March's -0.2% drop. Over 80% of April's decline is

the result of a -3.3% decline in final demand goods prices, including a -19.0%

drop in final demand PPI for energy. Prices for gasoline fell -56.6% the largest

drop since that series started in February 1947. Prices for final demand

excluding foods, energy, and trade services dropped -0.9% in April, "the largest

decline since the index was introduced in September 2013," according to the BLS.

This also outpaced the -0.1% decline expected by markets.