New data PPI YoY Mar

4/30/2024

actual -6.3, previous -6.4

The event is the release of the Producer Price Index (PPI) Year-over-Year (YoY) for Austria. The PPI measures the average change over time in the selling prices received by domestic producers for their output. In this case, the PPI YoY for March is reported, indicating the percentage change in producer prices compared to the same month in the previous year.

The actual value reported is -6.3%, which means that producer prices have decreased by 6.3% compared to the previous year. This data is provided by Statistics Austria and is denominated in Euros. The previous value was -6.4%, indicating a slight improvement in producer prices compared to the previous period.

Given the negative percentage change, this event suggests a deflationary pressure on producer prices in Austria, which could have implications for inflation, industrial output, and overall economic performance.

This is not investment advice. Remember to verify the information provided here.