Whether we’re talking about central or regional banks, a lot is impacting the sector right now.
Let’s start with April’s producer price index (PPI), which rose less than anticipated. The headline measure of final demand goods and services rose just 0.2% MoM vs. the 0.3% expected. And its 2.3% YoY increase was the lowest reading since January 2021. Core producer prices, which exclude food and energy, rose 0.2% MoM, as expected. 🌡️