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Germany’s producer prices fell 3.3% yearly in February, the biggest drop since early 2023, due to lower energy costs and weak demand.
Germany's producer prices dropped 3.3% year-on-year in February, the largest decline since early 2023, driven by falling energy costs and weak industrial demand, according to Destatis.
The reading exceeded expectations and intensified concerns over deflation and economic stagnation in Europe’s largest economy.
The trend reflects broader disinflationary pressures across the Eurozone, prompting cautious policy responses from the European Central Bank.
Meanwhile, biotech stocks rose on positive FDA-related developments, and several companies, including GSK, Lilly, and Public Storage, reported favorable results or deals.
The U.S. Coast Guard reinstated 56 dismissed members, and Dollar Tree posted a profitable fourth quarter with improved sales forecasts.
Los precios al productor de Alemania cayeron un 3,3% anual en febrero, la mayor caída desde principios de 2023, debido a los menores costos de la energía y la débil demanda.