There is provided an apparatus comprising processing circuitry to execute a transaction comprising a number of program instructions that execute to generate updates to state data, to commit the updates if the transaction completes without a conflict, and to generate trace control signals during execution of the number of program instructions. The processing circuitry uses at least one resource during execution of the program instructions. Transaction trace circuitry generates trace items in response to the trace control signals. In response to the trace control signals indicating that a change in a usage level of the at least one resource has occurred during execution of the program instructions, the transaction trace circuitry generates at least one trace item that indicates the usage level of the at least one resource.