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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 MAR PPI +1.1% M/M, +4.3% Y/Y; FEB +1.5% Y/Y
- Annual producer price inflation jumped to 4.3% in Mar, slightly stronger than markets expected (Median: 4.2%)
- This marks the third positive reading after 17 consecutive month of negative rates and the highest level since Oct 2018.
- Mar's uptick was driven by a sharp increase in energy prices to the highest level since Nov 2018, up 10.3% in Mar after rising by 2.3% in Feb.
- Intermediate goods prices rose 4.4%, its highest level since Nov 2011 and the third successive increase.
- While capital goods prices accelerated to 1.1%, durable consumer goods inflation rose by 1.4% in Mar.
- Prices for non-durable consumer goods rebounded to 0.4%, after falling by 0.4% in Feb.
- Monthly PPI increased by 1.1% in Mar, following Feb's growth rate of 0.5%
- Among the member states, the highest annual rates were recorded in Ireland (+21.2%), Belgium (+9.3%) and Estonia and the Netherlands (both at +7.5%), while the only decreased were seen in Cyprus (-3.0%) and Slovakia (-0.6%).
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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