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Euro zone PPI falls 0.2% in March

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Investing.com -

Investing.com - Producer price inflation in the euro zone fell for the third consecutive month in March, underlining concerns over deflation, official data showed on Monday.

In a report, Eurostat said that its producer price index eased down by a seasonally adjusted 0.2% in March, in line with expectations. Producer prices inched down 0.2% in February.

Year-over-year, the producer price index declined at an annualized rate of 1.6% in March, compared to expectations for a 1.7% drop, after falling at a rate of 1.7% in February.

Following the release of the data, the euro held on to modest gains against the U.S. dollar, with EUR/USD easing up 0.05% to trade at 1.3876.

Meanwhile, European stock markets remained lower. The Euro Stoxx 50 fell 1.2%, France's CAC 40 lost 1.2%, Germany's DAX dropped 1.4%, while London's FTSE 100 remained closed for a holiday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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