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UK: Annual PPI – Output rises 2% in March

In the year to March 2013 UK PPI – Output n.s.a. grew 2%, in comparison with a increase of 2.3% the previous month, National Statistics reported today. This result is in line with expectations. On a monthly basis UK PPI – Output n.s.a. grew 0.3% in March, down from the 0.8% increase in February, as expected.

Annual UK PPI – Input n.s.a. rose 0.4% in March, compared with February's 2.1% jump, below consensus of +0.8%. Between February and March UK PPI – Input fell 0.1%, after growing 2.8% between January and February and slightly above projections of -0.2%.

Year-over-year PPI Core Output rose 1.3%, following 1.3% growth. On a monthly basis PPI Output increased 0.1%, down from the 0.3% rise.

Spain 6-Month Letras Auction declines to 0.53% from 0.794%

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Forex Flash: US CPI, Housing Starts and Industrial Production eyed – TD Securities

The US Consumer Price Index will be attract attention, with falling gasoline prices being an important driver, partially offsetting the upward pressures from higher natural gas and food prices. “We expect headline CPI to rise by +0.1%/mth, following the chunky +0.7% rise the month before. On an annual basis, favorable base effects lower the rate from 2.0% to 1.7%/yr (mkt 1.6%)”, wrote analyst Annette Beacher, expecting also a relatively subdued Core CPI, at +0.2%/mth and 1.7%/yr (mkt 2.0%).
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