Eurozone PPI up by 0.3% in March
In March 2016, compared with February 2016, industrial producer prices rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2016 prices fell by 0.7% in the euro area and by 0.6% in the EU28. In March 2016, compared with March 2015, industrial producer prices decreased by 4.2% in the euro area and by 4.1% in the EU28.
The 0.3% increase in industrial producer prices in total industry in the euro area in March 2016, compared with February 2016, is due to rises of 1.2% in the energy sector and of 0.2% for durable consumer goods. Prices remained stable for capital goods, while they fell by 0.1% for both intermediate goods and non-durable consumer goods. Prices in total industry excluding energy decreased by 0.1%.
Euro is currently being traded few points below 1.16 level. Pair is likely to find support around 1.15 handle and resistance above 1.1630 level. There will be no major data releases later today.
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