EU PPI YoY (Feb) Y/Y -3.0% vs. Exp. -3% (Prev. -2.1%)

The EU PPI for February came in at -3.0% year-over-year, slightly above expectations of -3.0%, but notably worse than the previous -2.1%. This larger-than-expected drop suggests continued disinflationary pressures in the Eurozone, which may prompt the ECB to consider its policy stance more cautiously, impacting interest rate expectations and overall economic growth narratives.