Producer Price Index figures for the month of March have been announced in the Eurozone. The announced rate of 0.7% for the month of March met the market speculation slipping a bit from the 0.8% that was recorded on the previous month. On a yearly basis the year ending at March recorded a 6.7% rate which was slightly higher than the 6.6% the market awaited and the 6.6% of the previous month’s year end. Upon the announcement no significant volatility was generated as the rates were as expected.
The Producer Price Index which is announced by Eurostat measures the change in prices that are received by domestic producers of commodities in all stages of production. Usually, a high value is associated by hawkish behavior for the Euro.