finance

Euro zone producer prices fall less than expected y/y in Nov


2/2

© Reuters. FILE PHOTO: A woman walks next to a poster reading

2/2

BRUSSELS (Reuters) – Euro zone producer prices fell year-on-year in November because of a slump in energy prices, but fall was smaller than expected thanks to more expensive capital and durable consumer goods, the European Union’s statistics office’s data showed on Wednesday.

Prices at factory gates in the 19 countries sharing the euro rose 0.4% month-on-0month in November for a 1.9% year-on-year fall. Economists polled by Reuters had expected a 0.1% monthly rise and a 2.2% annual decline.

The overall producer price index was pulled down by a 7.5% year-on-year fall in energy prices, despite prices of durable consumer goods rising 1.2% year-on-year.

Economists see producer prices as an early indication of trends in consumer prices which the European Central Bank wants to keep below, but close to 2% over the medium term and has struggled for years to accelerate sluggish price growth.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Nine in 10 companies say Brexit has made it harder to find staff





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more