Destatis released its producer price index (PPI) for Germany on Friday. German PPI producer prices declined 0.5% in February, missing expectations for a 0.2% fall, after a 0.7% drop in January.

On a yearly basis, German PPI dropped 3.0% in February, missing expectations for a 2.6% decrease, after a 2.4% fall in January.

PPI excluding energy sector fell by 0.7% year-on-year in February.

Energy prices were down 9.4% year-on-year in February.

Consumer non-durable goods prices rose 0.2% year-on-year in February, intermediate goods sector prices decreased by 2.2%, while capital goods prices increased 0.7% and durable consumer goods sector prices gained 1.4%.