Eurozone Aug. Producer Prices Decline Less Than Expected

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Friday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 7.5% year-on-year in August, compared with a 8.4% fall in the previous month. The July month figure was revised from 8.5% decline reported initially. Economists expected a decline of 7.6%.

Month-on-month, producer prices increased 0.4% in August, after falling 0.7% in July , revised from 0.8% drop estimated initially. Economists were looking for a decline of 0.4%.

Friday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 7.5% year-on-year in August, compared with a 8.4% fall in the previous month. The July month figure was revised from 8.5% decline reported initially. Economists expected a decline of 7.6%. (Market News Provided by RTTNews)