German March PPI Up 0.3% Versus February

Producer prices in Germany rose 0.3% in March from February and rose 2.5% from March last year, the Federal Statistics Office said.

Economists polled by AFX News had expected a 0.3% rise month-on-month and a year-on-year rise of 2.6%. Germany's producer price index stood at 118.4 in March compared to 118.1 in February and 115.5 in the year-earlier period, the office said. The statistics office confirmed that in February, producer prices rose 0.3% month-on-month and were up 2.8% year-on-year.