Latest data as published by Eurostat 4 December 2017
- Prior reading was revised to +0.5% from +0.6% m/m
- October PPI y/y reading was +2.5% vs +2.6% expected
- Prior y/y reading was revised to +2.8% vs +2.9% expected
Slightly lower on the year-on-year reading as well, but still decent industrial producer prices. The rise is mainly contributed by the energy sector as well as intermediate goods.
The reading basically measures the change in price of finished goods and services sold by producers.
Full release can be found here.
EUR/USD still sitting near 1.1858 currently. Focus on the day should start shifting towards the sterling and Brexit talks.
