- Prior -2.2%
- PPI +0.3% vs +0.3% y/y expected
- Prior +0.7%
Looking at the breakdown, the main drag was actually energy prices which declined by 2.1% on the month. If you strip that out, euro area producer prices were actually up 0.1% in May. That owes to an increase in prices for durable consumer goods (+0.3%) and non-durable consumer goods (+0.2%), slightly offset by a decline in prices for intermediate goods (-0.1%). The prices for capital goods were flat.
This article was written by Justin Low at www.forexlive.com.
