17.04.201403:34:00UTC+00German March Producer Prices Fall More Than Expected

Germany's producer prices dropped for an eighth successive month in March and at a faster than expected pace, data from Destatis showed Thursday.

The producer price index (PPI) fell 0.9 percent year-on-year in March, same as in February. Economists had a forecast a fall of 0.7 percent.

Producer prices have declined every month since August last year and the biggest fall in the cycle was in January, when they dropped 1.1 percent.

Prices of consumer non-durables rose 1.3 percent, while those of intermediate goods and energy declined 1.9 percent and 2.6 percent, respectively.

Excluding energy, producer prices dropped 0.3 percent year-on-year in March.

On a monthly basis, the PPI dropped 0.3 percent in March in line with the expectations of economists, after remaining flat in February. In January, prices fell 0.1 percent.