EMU: PPI drops more than expected in January

FXStreet (Barcelona) - The Eurozone Producer Price Index fell 0.3% in January, compared with the 0.2% rise in December, Eurostat reported on Tuesday. Market consensus pointed to a 0.1% decline.

Year-over-year EMU PPI dipped 1.4%, down from the 0.8% decrease and slightly below expectations of -1.3%.