• Prior -0.4%
  • PPI -5.7% vs -5.3% y/y expected
  • Prior -7.8%

Producer prices in the euro area declined in April but owes much to a drop in energy prices. If you strip that out, PPI actually increased by 0.2% on the month instead. Here's the breakdown:

  • Intermediate goods +0.3%
  • Energy -3.6%
  • Capital goods +0.2%
  • Durable consumer goods +0.2%
  • Non-durable consumer goods +0.1%