UK PPI output rises to 5.3% in the year ending February

By @ibtimes on

UK PPI input rose to 14.6% in the year ending February compared with the revised 14.1% from the initial 13.4%, yet below forecasts of 14.4%. On the monthly basis, the reading retreated to 1.1% from the prior 1.7%, which was upwardly revised to 2.3%, and the expected 1.5%.

Annual output gauge exceeded estimates of 5.2% by 0.1% where the prior reading was revised to 5.0% from 4.8% initially. The month on month reading slipped to 0.5% from the previous 1.0%, revised up to 1.1%, and relative to market expectations of 0.6%.

PPI output core came in at 3.1% annually from the previous 3.2% and the estimated 3.4%, while the monthly reading plummeted to 0.1% from the preceding 0.7% and the predicted 3.4%.

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