Eurozone PPI rises 0.5% mom in November, annual pressures stay weak at -1.7% yoy

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Eurozone producer prices rose more than expected in November, with PPI increasing 0.5% mom, above forecasts of 0.2%. Despite the rebound, annual producer price inflation remained firmly negative at -1.7% yoy, versus expectation of -1.9% yoy. The monthly increase was led by energy prices, which jumped 1.8% mom, while intermediate goods rose 0.3% and capital […]The post Eurozone PPI rises 0.5% mom in November, annual pressures stay weak at -1.7% yoy appeared first on ActionForex.