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The PPI of the glass industry in the United States fell by 0.6% in April, and the economic cooling signal appeared

The latest data from the U.S. Bureau of Labor Statistics (BLS) showed that the producer price index (PPI) of the glass products and glass manufacturing industry fell for the first time in four months. In April, the PPI for glass and glass products manufacturing fell 0.6% month-on-month, but still rose 2.5% year-on-year. In addition, metal prices also slowed down in April after rising sharply in March.

The PPI is a measure of the change in the average selling price of domestic producers for their products, including raw materials, intermediate goods, and finished products. The decline in PPI may mean lower costs for enterprises, which will lead to lower consumer prices or higher profit margins, but it may also reflect weak market demand; An increase in PPI usually indicates an increase in the production cost of enterprises, which may lead to a reduction in profits, a decrease in investment, and an increase in the price of consumer goods.


BLS data showed that the final demand PPI fell by 0.5% month-on-month in April, well below economists' previous expectations of a 0.2% increase. The decline was largely due to a 1.7% plunge in trade service prices, which are currently squeezing corporate profit margins. On a year-on-year basis, inflation slowed to 2.4% in April from March levels.


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