Eurozone October PPI +0.4% vs +0.4% m/m expected

• Prior -0.6%
• PPI -3.2% vs -3.3% y/y expected
• Prior -3.4%

Looking at the details, there was an increase in the price of energy (+1.4%), durable consumer goods (+0.3%), and non-durable consumer goods (+0.2%). That is marginally offset by a decline in the price of intermediate goods (-0.1%). Meanwhile, the price of capital goods was stable on the month. So, if you strip out energy prices, PPI was actually flat in October.

This article was written by Justin Low at www.forexlive.com.