Germany February PPI -0.3% vs -0.5% m/m expected

  • Latest data released by Destatis - 20 March 2023
  • Prior -1.0%; revised to -1.2%
  • PPI +15.8% vs +14.5% y/y expected
  • Prior +17.8%; revised to +17.6%

The drop in energy prices by 1.4% on the month is once again the main reason for the drag in overall producer prices. But compared to the same month last year, it is still much higher as evident by the annual reading above.

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