UK: Annual PPI – Output rises 0.9% in January

FXStreet (Barcelona) - On an annual basis UK PPI – Output n.s.a. grew 0.9% in January, following a 1% increase the previous month, National Statistics reported today. Analysts expected less growth of 0.7%.

On a monthly basis UK PPI – Output n.s.a. rose 0.3% in January, after remaining unchanged in December and above market consensus of climbing 0.1%.

Annual UK PPI – Input n.s.a. fell 3.1% in January, compared with December's 1% decrease,below consensus of -2.8%. Month-over-month UK PPI – Input dropped 0.9%, after growing 0.2% and below projections of declining 0.5%.

Year-over-year PPI Core Output rose 1.2%, following 1% growth. On a monthly basis PPI core Output edged up 0.5%, following a 0.1% increase.