Eurozone Producer Prices Jump 1.1% in February

Industrial producer prices in both the Eurozone and EU increased by 1.1% in February compared to the prior month.

Source: eurostat

EuroStoxx50 down-2.78%, EURUSD up +0.08%

Over the previous 12 months, producer prices surged 31.4% in the euro area and 31.1% in the entire bloc.

Intermediate goods contributed to the overall monthly increase, rising 1.6% and 1.5% in the Eurozone and European Union.

On an annualized basis, the energy sector producer prices surged 87.2% and 83.6% in the euro area and the EU, respectively.

Annually, February industrial producer prices surged the most in Ireland as Slovakia led the monthly charts.