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Australia Q4 PPI Down 0.4% On Quarter

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Producer prices in Australia was weaker than expected in the fourth quarter of 2009, the Australian Bureau of Statistics said on Monday, coming in at -0.4 percent compared to the previous quarter.

That compared to analyst expectations for a 0.2 percent increase following a 0.1 percent gain in the third quarter.

On an annual basis, producer prices fell 1.5 percent versus expectations for a 0.9 percent decline after the 0.2 percent increase in the previous three months.

(Market News Provided by RTTNews)

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