RTTN:Eurozone Producer Prices Rise As Expected In June
Eurozone producer prices rose 0.3 percent in June from a year ago, reversing May's 0.2 percent fall, Eurostat reported Friday. The rate matched economists' expectations.
The industrial producer price index remained stable on a monthly basis as expected by economists, following a 0.3 percent drop in May.
In the EU27, producer prices remained flat from a month ago, while it grew 0.6 percent on a yearly basis.
Non-durable consumer goods prices rose 2.3 percent and durable consumer goods prices gained 0.7 percent. Capital goods grew 0.6 percent, while cost of intermediate goods decreased 0.4 percent. The decline in prices in the energy sector slowed to 0.6 percent from 1.9 percent.
