Commentary

U.S Consumer Prices were up 0.6% for March versus 0.4% in February, while U.S. Import Prices were up 1.2% for March versus +1.3% for February.

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The Chicago Purchasing Manager's Index came in at 66.3 for March versus 59.5 for February. The overall U.S. PMI came in at 59.1 for March versus 59.0 for February.

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U.S. Retail Sales were down 3.0% for February, after having been up 7.6% in January. Industrial Production was down 2.2% for February, a bit worse than the 1.1% rise in January.

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