Market Updates: Eurozone Producer Price Index Down by 0.8%
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.