Eurozone June Producer Prices Decline Further

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Tuesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 6.6% year-over-year in June, compared with a 5.9% fall in the previous month. The May month figure is revised from 5.8% decline reported initially. The PPI came in line with economists' expectations.

On a monthly basis, producer prices increased 0.3% in June, after a flat reading in May, revised from 0.2% fall estimated initially. Economists were looking for an increase of 0.2%.

Tuesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 6.6% year-over-year in June, compared with a 5.9% fall in the previous month. The May month figure is revised from 5.8% decline reported initially. The PPI came in line with economists' expectations. (Market News Provided by RTTNews)