Market Updates: Eurozone Producer Price Index Down by 0.8%
Eurostat released the Eurozone's industrial PPI (Producers Price Index) which fell by 0.8% in both the euro area (EA19) and the EU28.
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Last updated: Monday, February 4, 2019
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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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
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