Eurozone May PPI +1.3% vs +1.2% m/m expected
Latest data released by Eurostat - 2 July 2021
Another month, another rise in producer prices with the details showing a monthly increase of 1.8% for intermediate goods, 0.4% for capital goods, and 0.3% for durable and non-durable consumer goods.
- Prior +1.0%
- PPI +9.6% vs +9.5% y/y expected
- Prior +7.6%
Again, a lot of this likely stems from supply chain disruptions - which will be a persistent issue going into 2H 2021.