02:45 PM EDT, 04/11/2025 (MT Newswires) -- The PPI fell by 0.4% in March following a 0.1% gain in February, with energy prices down 4% and food prices down 2.1%. Core prices, which exclude food and energy, fell by 0.1% after a 0.1% increase in the previous month.

The year-over-year rise in producer prices slowed to 2.7% from 3.2% in the prior month, while core prices slipped to 3.3% year-over-year after a 3.5% year-over-year increase in the previous month.

The preliminary Michigan Sentiment index fell to 50.8 in April from 57.0 in March, with declines in both consumers' assessment of current conditions and the near-term outlook due to "multiple warning signs that raise the risk of recession: expectations for business conditions, personal finances, incomes, inflation, and labor markets all continued to deteriorate this month."

Michigan said that one-year inflation expectations surged to a 44-year high, reflecting gains across the political spectrum.

The St. Louis Fed's GDP nowcast estimate for Q1 is for a 2.87% gain, revised up from a 2.01% gain reported in the previous week.

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