Industrial Prices Cools to a 1.1% Increase in February in the Euro Area and EU

Source: Eurostat

Industrial producer prices edged higher by 1.1% in both the EU and euro area in February, a slower gain compared to 5.0% and 5.1%, respectively, in January. DAX is down -1.95%, EURUSD is up +0.19%.

• In the euro area, intermediate goods saw the strongest surge in producer prices at 1.6%, followed by energy at 1.3%. Excluding energy, producer prices rose by 0.9.%.
• In the EU, producer prices ticked the highest in intermediate goods at 1.5%, while energy came second with an increase of 1.4%. Excluding energy, producer prices rose by 1.0%.
• The countries that posted the strongest increase in producer prices on a monthly basis were Slovakia with a gain of 13.6%, Slovenia at 5.7%, and Greece at 4.8%. Declines of 8.1%, 0.5%, 0.3%, and 0.1% were recorded in Ireland, Finland, Latvia, and Bulgaria.
• On a year-over-year basis, the producer prices jumped by 31.1% in the EU and 31.4% in the euro area in February.