Eurozone producer prices fall more than expected

Harriet Green
Follow Harriet

Industrial producer prices fell 0.2 per cent in both the euro area and in the EU28 in February, according to figures from Eurostat.

Analysts had expected a 0.1 per cent drop. A month earlier, prices saw a 0.3 per cent fall.

Compared to a year earlier, prices fell 1.7 per cent in the euro area and 1.6 per cent in the EU28.

Expectations were for a 1.6 per cent fall. In January, the decrease was 1.4 per cent.

The decline was led by a 0.5 per cent fall in the energy sector, said Eurostat.

Source: Eurostat