MNI: EUROZONE DATA: PPI (Mar 2019) ..................>

MNI: EUROZONE DATA: PPI (Mar 2019) 

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- EZ producer prices fell for the first time this year, albeit by a marginal

0.1% on the month, contrary to market expectations of a 0.1% pick-up

- This left the y/y rate back at Jan's 2.9% (down 0.1pp from Feb), far below the

recent peak of 4.9% y/y in Oct

- On a monthly basis, producer prices for the energy sector were down 0.5%, held

steady for non-durable consumer goods, edged up by 0.1% for capital & durable

consumer goods and rose 0.2% for intermediate goods

- On an annual basis, energy remains the biggest driver (+7.8%); the PPI

excluding energy rose by just 1.0% in Mar 

- In terms of developments across member states, the sharpest monthly declines

were registered in Cyprus (-1.2%) & Estonia (-0.8%), while the biggest increases

were seen in Greece (+1.1%) & Luxembourg (+0.8%)

- Producer prices rose in all member states on a y/y basis, with the largest

gains in Belgium (+6.4%) & Latvia (+6.1%)