Market Updates: Eurozone Producer Price Index Down by 0.8% - Forex News by FX Leaders

Market Updates: Eurozone Producer Price Index Down by 0.8%

Posted Monday, February 4, 2019 by
Arslan Butt • 1 min read

Just now, the Eurostat released the Eurozone’s industrial PPI (Producers Price Index) which fell by 0.8% in both the Euro area (EA19) and the EU28.

Back in November 2018, the PPI declined by 0.3% in the Eurozone and by 0.5% in the EU28.

In December 2018, compared with December 2017, industrial producer prices rose by 3.0% in the Euro area and by 3.1% in the EU28.

So far, the EUR/USD hasn’t made any significant move on the news and continues to trade around $1.1437.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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