Producer Price Index Declines in Eurozone and EU

According to a preliminary report by Eurostat released on Tuesday, the producer price index (PPI) experienced a 1.6% decline in both the Eurozone and the European Union in March compared to the previous month. Annually, there was a slight increase with producer prices rising by 1.9% in the euro area and by 2.1% in the EU.

Sector-Specific Changes in Producer Prices

Energy Prices Lead the Decline: The most significant monthly decrease within the Eurozone was observed in energy prices, which fell by 5.8%. Conversely, prices for capital goods saw a modest increase of 0.1%, durable consumer goods by 0.2%, and non-durable consumer goods by 0.5%. Intermediate goods remained stable.

EU Market Trends: Similarly, the EU recorded its largest monthly decline in producer prices within the energy sector, dropping by 5.5%. Prices for intermediate goods and durable consumer goods increased slightly by 0.1%, while non-durable consumer goods rose by 0.5%. Capital goods prices remained unchanged.