Investing.com – German producer price inflation rose less-than-expected in March, official data showed on Wednesday.
In a report, Destatis, Germany's statistics office said that its producer price index rose by 0.4% in March, after rising 0.7% in February.
Analysts had expected the index to rise by 0.8% in March.
The report showed that the producer price index rose at an annualized rate of 6.2% in March, after advancing by 6.4% in February. Analysts expected year-on-year PPI to rise at an annualized rate of 6.6%.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD climbing 0.43% to hit 1.4396.
Meanwhile, the outlook for European stock markets was upbeat. The FTSE 100 futures climbed 0.51%, the EURO STOXX 50 futures pointed to a gain of 0.82%, France’s CAC 40 futures indicated a rise of 0.56%, while Germany's DAX futures advanced 0.75%.
In a report, Destatis, Germany's statistics office said that its producer price index rose by 0.4% in March, after rising 0.7% in February.
Analysts had expected the index to rise by 0.8% in March.
The report showed that the producer price index rose at an annualized rate of 6.2% in March, after advancing by 6.4% in February. Analysts expected year-on-year PPI to rise at an annualized rate of 6.6%.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD climbing 0.43% to hit 1.4396.
Meanwhile, the outlook for European stock markets was upbeat. The FTSE 100 futures climbed 0.51%, the EURO STOXX 50 futures pointed to a gain of 0.82%, France’s CAC 40 futures indicated a rise of 0.56%, while Germany's DAX futures advanced 0.75%.