Investing.com - Producer price inflation in the euro zone fell more-than-expected in October, official data showed on Tuesday.
In a report, Eurostat said that its producer price index eased down by a seasonally adjusted 0.5% in October, compared to expectations for a 0.2% decline.
Producer prices inched up 0.2% in September.
Year-over-year, the producer price index declined at an annualized rate of 1.4% in October, compared to expectations for a 1% drop, after falling at a rate of 0.9% in September.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD rising 0.21% to trade at 1.3570.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.8%, France's CAC 40 tumbled 1.2%, Germany's DAX fell 0.65%, while London’s FTSE 100 shed 0.5%.
