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Eurozone June PPI -0.4% vs -0.2% m/m expected

Prior -1.9%PPI -3.4% vs -3.1% y/y expectedPrior -1.5%; revised to -1.6%Looking at the breakdown, there was a fall in prices for intermediate goods (-0.7%) and energy (-0.5%) while prices for durable consumer goods and non-durable consumer goods remained stable. Meanwhile, prices for capital goods increased slightly (+0.1%) on the month. If you strip out energy, producer prices are still seen dropping by 0.3% in June. This article was written by Justin Low at www.forexlive.com... Read More

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Posted: Aug 3 2023, 09:00

Author Name: forexlive

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