Eurostat released its producer price index for the Eurozone on Monday. Eurozone's producer price index declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.