Germany February PPI -0.2% vs +0.1% m/m expected

• Prior -0.1%
• PPI +0.7% vs +1.0% y/y expected
• Prior +0.5%

German producer prices missed on estimates but the devil is in the details here. The drag largely comes from a decline in energy prices (-1.0%). And if you strip that out, producer prices were actually higher by 0.3% compared to January.

This article was written by Justin Low at www.forexlive.com.