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According to analysts at TD Securities, the US Producer price inflation (PPI) is expected to advance a tenth to 2.3% y/y in April (0.3% m/m) on the back of an increase in the PPI’s core measure (ex-food and energy) to 2.5% (0.2% m/m) from 2.4% y/y in March.

Key Quotes

“The trade balance will likely post a new, and larger, deficit in March at USD 50.2bn from USD 49.4 before. Despite the likely new widening of the deficit in March, the trade balance is expected to have improved over Q1 partly on the back of faster export growth.”