July 2014 Eurozone PPI -0.1% vs -0.1% exp m/m

• Prior +0.1%. Revised to 0.2%
• -1.1% vs -1.1% exp y/y. Prior -0.8%
• EU 28 states -0.2% vs +0.1% prior m/m
• -1.3% vs -0.8% prior y/y

Bang on the money but it confirms that prices are still falling.

EUR/USD unchanged at 1.3117

Energy prices were the biggest driver and that’s not necessarily bad news. Prices are flat across the rest of the board though, they haven’t fallen so again, that’s not bad.

Eurozone PPI details 02 09 2014

Eurozone PPI 02 09 2014