Highlights of the November 2015 Eurozone PPI data report 6 January 2015
- Prior -0.3%
- -3.2% vs -3.1% exp y/y. Prior -3.1%. Revised to -3.2%
- EU 28 states -0.35 unch m/m
- -3.5% v s-3.6% prior y/y
I was nearly caught on the hop there as the Reuters cal is listing the data as Dec but it's Nov
The falls in energy prices look to be lessening now as from the -2.7% drop in August we've seen it fall 0.9%, 0.5% and now 0.3% m/m. Year on year we're down 9.4% from 9.8%
All that may not last long if we get more stories like the one from Saudi Arabia yesterday
Eurozone PPI details m/m
Eurozone PPI y/y
Once again there's nothing doing in the euro on the release. We're at 1.0735
