US PPI dropped -1.3% mom in April, worst since 2009

<p>US PPI final demand dropped -1.3% mom in April, below expectation of -0.5% mom. That&#8217;s the largest monthly decrease since December 2009. Core PPI dropped -0.3% mom, below expectation of 0.0% mom. Annually, PPI dropped -1.2% yoy, dropped from 0.7% yoy, versus expectation of -0.4% yoy. That&#8217;s also the largest decline since November 2015. PPI [&#8230;]</p>
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