Eurozone March PPI -1.6% vs -1.6% m/m anticipated

• Prior +0.2%
• PPI +1.9% vs +2.5% y/y expected
• Prior +3.0%

The drop here owes largely to a decline in prices for energy (-5.8%). If you strip that out, producer prices were actually up 0.1% on the month. There were increases in prices for capital goods (+0.1%), durable consumer goods (+0.2%), and non-durable consumer goods (+0.5%).

This article was written by Justin Low at www.forexlive.com.