US DATA: February PPI -0.6%; core +0.1%; overall…..

US DATA: February PPI -0.6%; core +0.1%; overall below expectations
and largest decrease since July 2009 (-1.2%), core at expectations. Core
boosted by pasenger cars (+0.5%) and civilian aircraft (+0.3%). Feb PPI
+4.4% y/y, core +1.0% y/y. Energy -2.9%, largest decrease since Jul’09
(-4.5%); gasoline -7.4%, LPG -2.3%, home heating oil -5.6%, res electric
+0.4%, res nat gas +0.8%. Food +0.4%. Light trucks -0.1% after +1.9% in
Jan, heavy trucks +0.1%. Intermediate goods 0.1%, intermediate core
+0.9%; Crude goods -3.5%; largest decrease since Feb’09 (-6.1%), core
crude -0.6%.