The Australian economy issued its producers price index for the three months ending March, which increased sharply 1.2%, from the previous 0.1% in fourth quarter of 2010, came better than the expectations that referred to 1.0%.

Moreover, the annualized producer price index rose 2.9% in the first quarter of 2011, compared with a previous 2.7% a year earlier, where the market's anticipations estimated of 2.7%.