German Producer Price Index up by 0.4% in February.

Tuesday, 20 March 2012 02:05

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.