From Eurozone, on Friday, only minor importance German WPI and Italian Industrial Production figures were released. As reported by the Federal Statistical Office (Destatis), German selling prices in wholesale trade decreased by 1.9% in February 2016 from the corresponding month of the preceding year. In January 2016 and in December 2015 the annual rates of change were –1.0%, each. From January 2016 to February 2016 the index fell by 0.5%. Analysts were predicting 0.2% increase.
In January 2016 the Italian industrial production index seasonally adjusted increased by 1.9% compared with the previous month. The percentage change of the average of the last three months with respect to the previous three months was +0.2%. The calendar adjusted industrial production index increased by 3.9% compared with January 2015 (calendar working days in January 2016 being 19 versus 20 days in January 2015). The unadjusted industrial production index increased by 0.7% compared with January 2015.
In the US session Import Prices figures were released. Import prices fell 0.3% in February and have not recorded a monthly advance since the index ticked up 0.1% in June 2015. The February decrease followed declines of 1.0% in January and 1.2% in December. The price index for overall imports decreased 6.1% between February 2015 and February 2016. Despite the downward trend over the past 8 months, the 12-month drop recorded in February was the smallest over-the-year decline since the index fell 5.6% for the year ended in December 2014.
On Monday, only minor importance Eurozone Industrial Production figures will be published. Analysts are predicting 1.7% increase. There will be no data releases in the US session.ž
Figures to watch:
Industrial Production (Monday 11:00)
