Eurozone November PPI +1.6% vs +1.5% m/m anticipated

• Prior +Zero.four%

Wanting on the particulars, the leap right here largely owes to a spike in vitality costs. When you strip that out, producer costs have been solely up Zero.1% on the month. The breakdown reveals a leap in vitality costs by 5.four%, barely offset by declines in costs for intermediate items (-Zero.1%) and sturdy shopper items (-Zero.2%). The costs for capital items and non-durable shopper items have been steady on the month.

This text was written by Justin Low at www.ubaidahsan.com.



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