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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.
EUROZONE DATA
MNI (London)
EUROZONE FEB PPI -0.5% M/M (= FCST); JAN -2.8% M/M
EUROZONE FEB PPI +13.2% Y/Y (FCST +13.3%); JAN +15.1%r Y/Y
- Factory-gate inflation for February was largely equal to consensus expectations, cooling by -0.5% m/m, with annualised prices easing 1.8pp to +13.2% y/y.
- This follows the sharp 9.4pp y/y drop in January due to a steep decline in energy prices. The February PPI ex. energy edged up by a modest +0.2% m/m, whilst slowing by 0.9pp to +10.2% y/y.
- In contrast to recent months, Irish PPI is unlikely to have distorted the headline aggregate index after posting a more mild -0.8% m/m print in February.
- Looking forward, the continuation of slowing PPI has been foreshadowed by softening input/output charges in February and March PMI data.
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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