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Eurozone PPI at 0.5% mom, 1.5% yoy in Feb

Eurozone PPI came in at 0.5% mom, 1.5% yoy in February, versus expectation of 0.6% mom, 1.4% yoy. For the month, industrial producer prices increased by 1.2% for intermediate goods, by 0.3% in the energy sector and for non-durable consumer goods, by 0.2% for durable consumer goods and by 0.1% for capital goods. Prices in total industry excluding energy increased by 0.6%.

EU PPI came in at 0.7% mom, 1.6% yoy. For the month, the highest increases in industrial producer prices were recorded in Greece and Luxembourg (both +2.8%), Belgium (+2.4%) and Lithuania (+2.0%), while the only decreases were observed in Ireland, (-9.7%), Spain (-1.5%) and Portugal (-0.5%).

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