Eurozone November PPI +1.6% vs +1.5% m/m expected

• Prior +0.4%

Looking at the details, the jump here largely owes to a spike in energy prices. If you strip that out, producer prices were only up 0.1% on the month. The breakdown shows a jump in energy prices by 5.4%, slightly offset by declines in prices for intermediate goods (-0.1%) and durable consumer goods (-0.2%). The prices for capital goods and non-durable consumer goods were stable on the month.

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