Trial now
US

Tsy Sec Yellen

US EURODLR OPTIONS

BLOCK, Green June Call Fly

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

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