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.
Arslan Butt•Monday, February 4, 2019•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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Arslan Butt
Index & Commodity Analyst
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.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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