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Eurozone factory gate prices retreat more than expected in March

By Alexander Bueso

Date: Wednesday 03 May 2017

Eurozone factory gate prices retreat more than expected in March

(ShareCast News) - Factory gate prices in the euro area retreated by more than expected in March as the cost of energy continued to fall back.
Total industrial producer prices receded by 0.3% month-on-month, according to Eurostat.

Economists had forecast a 0.1% on the month drop in producer prices and a 4.2% rise year-on-year.

A further drop in enery prices, which dropped by 1.7% after retreating by 1.0% in February, was the main culprit.

Excluding energy, industrial prices were higher by 0.2%.

Meanwhile, the cost of intermediate goods rose by 0.5% on the month, after increasing by 0.7% in the month before.

In comparison to the year ago period, industrial prices were 3.9% ahead, following a gain of 4.5% in February.

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