UK PPI input for February fell to 0.1% from the revised prior reading of 1.3% from 2.0% while the markets were expecting 0.2%, on the year the reading slipped to 6.9% from the revised previous reading of 7.7% from 8.4%, which is worse than the projected reading of 7.8%.

PPI output for February declined to 0.3% from 0.4% which is higher than the forecasted 0.2% and on the year improved to 4.1% from 3.8% while markets were anticipating 4.0%.

PPI output core which excludes food and energy prices came in at 0.3% lower than the revised upwards reading of 0.4% from 0.3% and higher than the predicted 0.2% while on the year rose to 2.9% from the revised previous reading of 2.6% from 2.5%, better than the expected 2.8%.