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 Spain: Producer Price Index

Updated:3/25/2014 5:12 AM
Actual:-2.9%
Analyst:Zach Witton in London

First Take
Spain’s producer price index fell 2.9% y/y in February, the largest drop in more than four years, following a revised 1.9% decline in the previous month. The main driver was weaker energy prices. Moody’s Analytics had forecast a year-ago decline of 1.9%. Producer prices in Spain should remain subdued in the coming months on the back of a stronger euro and the weak economic recovery.

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