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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
EZ FEB PPI +0.5% M/M, +1.5% Y/Y; JAN +0.4% Y/Y
- Annual producer price inflation jumped to 1.5% in Feb, stronger than markets expected (Median: 1.3%)
- This marks the second positive reading after 17 consecutive month of negative rates and the highest level since May 2019.
- Jan's reading was revised up to 0.4% from 0.0% reported previously.
- Feb's uptick was driven by intermediate goods prices, up 2.4%, and a rebound in energy prices which increased 2.3% following a 0.6% decline.
- Capital goods and non-durable consumer goods PPI ticked up 0.1pp to 0.9% and -0.4%, respectively, while durable consumer goods prices remained unchanged at 1.2%.
- Monthly PPI slowed to 0.5% in Feb, after rising by 1.7% in Jan.
- Among the member states, the highest annual rates were recorded in Ireland (+13.3%), Estonia (+7.5%) and Luxembourg (+5.0%), while Cyprus (‑4.2%), Lithuania (-2.1%) and Slovakia (‑1.5%) posted the biggest falls.
Source: Eurostat
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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