Eurozone Producer Prices Decline Further In July

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Wednesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 8.5% year-over-year in July, compared with a 6.5% fall in the previous month. The June month figure was revised from 6.6% decline reported initially. Economists expected a decline of 8.4%.

On a monthly basis, producer prices decreased 0.8% in July, after rising 0.4% in June , revised from 0.3% growth estimated initially. Economists were looking for a decline of 0.6%.

Wednesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 8.5% year-over-year in July, compared with a 6.5% fall in the previous month. The June month figure was revised from 6.6% decline reported initially. Economists expected a decline of 8.4%. (Market News Provided by RTTNews)