I did my own simple google search before I posted because I was pretty sure negative PPI indicates shrinking producer margins. They absolutely do.
Thanks for doubling down and giving me my second laugh of the morning
AI Overview
A negative
Producer Price Index (PPI)indicates that the prices producers are receiving for their goods and services are decreasing,
which is a sign of deflation. In simpler terms, it means that businesses are, on average, getting paid less for what they produce. This can signal that demand for certain materials is decreasing or that there's increased supply, leading to lower prices.