Eurozone May PPI -1.9% vs -1.8% m/m expected

<ul><li>Prior -3.2%</li><li>PPI -1.5% vs -1.3% y/y expected</li><li>Prior +1.0%; revised to +0.9%</li></ul><p>Looking at the breakdown, the heavy drag once again comes from the energy sector (-5.0%) as prices for intermediate goods (-1.0%) and non-durable consumer goods (-0.1%) also declined. The prices for capital goods was stable on the month while durable consumer goods prices increased by 0.3%. If you strip out energy, producer prices only fell by 0.4% in June.</p>

This article was written by Justin Low at www.forexlive.com.