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Euro zone PPI inches down 0.2% in November

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Investing.com - Producer price inflation in the euro zone inched down in November, defying expectations for small increase, official data showed on Monday.

In a report, Eurostat said that its producer price index eased down by a seasonally adjusted 0.2% in November, compared to expectations for a 0.1% increase.

Producer prices rose by 0.1% in October.

Year-over-year, the producer price index rose at an annualized rate of 2.1% in November, below expectations for a 2.4% gain, after climbing at a rate of 2.6% in October.

Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.25% to trade at 1.3036.

Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.3%, France's CAC 40 declined 0.5%, Germany's DAX fell 0.5%, while London's FTSE 100 shed 0.25%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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