- Prior -0.4%
- PPI -5.7% vs -5.3% y/y expected
- Prior -7.8%
Producer prices in the euro area declined in April but owes much to a drop in energy prices. If you strip that out, PPI actually increased by 0.2% on the month instead. Here’s the breakdown:
- Intermediate goods +0.3%
- Energy -3.6%
- Capital goods +0.2%
- Durable consumer goods +0.2%
- Non-durable consumer goods +0.1%
This article was written by Justin Low at www.forexlive.com.
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