Eurozone Nov. Producer Prices Decline At Slower Pace

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Wednesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 4.4% year-on-year in November, compared to the 6.6% fall in October, revised from 6.7% decline reported initially. Economists were looking for a decline of 4.5%.

On a monthly basis, the PPI increased 0.1% in November, slower than the 0.3% growth in October, revised from 0.2% increase estimated earlier. Economists expected an increase of 0.2%.

Wednesday, the Eurostat said in a report that Eurozone industrial producer price index or PPI dropped 4.4% year-on-year in November, compared to the 6.6% fall in October, revised from 6.7% decline reported initially. Economists were looking for a decline of 4.5%. (Market News Provided by RTTNews)