Eurozone March PPI -1.6% vs -1.6% m/m expected ...Middle East

Prior +0.2%PPI +1.9% vs +2.5% y/y expectedPrior +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.

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