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Eurozone May PPI -1.9% vs -1.8% m/m expected

Eurozone May PPI -1.9% vs -1.8% m/m expected
Prior -3.2%PPI -1.5% vs -1.3% y/y expectedPrior +1.0%; revised to +0.9%Looking at the breakdown, the heavy drag once again comes from the energy sector (-5.0%) as prices for intermediate goods (-1.0%) and non-durable consumer goods (-0.1%) also declined. The prices for capital goods was stable on the month while durable consumer goods prices increased by 0.3%. If you strip out energy, producer prices only fell by 0.4% in June. This article was written by Justin Low at www.forexl... Read More
Posted: Jul 5 2023, 09:05
Author Name: forexlive
Views: 080993

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