German Producer Price Index up by 0.4% in February.
The German statistics office Destatis reported today that country’s producer price index increased by 0.4% in February, after rising by 0.6% in January.
Today’s reading disappointed expectations for 0.5% growth.
Comparing with February 2011 PPI improved by 3.2%.
The couple EUR/USD was traded lower today and reached 1.3180 in early afternoon.