Producer prices in the euro area rose in October

By: Trademagazin editor Date: 2020. 12. 02. 11:02

In October, industrial producer prices in the euro area rose more than expected from the previous month, according to a report by Eurostat, the European Union’s statistical office, on Wednesday.

In October, producer prices in the euro area rose by 0.4 percent month-on-month, instead of the expected 0.2 percent month-on-month increase in the euro area. In September, the monthly increase in producer prices was 0.4 percent.

Producer prices in October were 2.0 percent lower than a year earlier after an annual decline of 2.3 percent in September. The market expected a 2.4 percent annual decline in October. Producer prices fell in October for the fifteenth consecutive month on an annual basis in the euro area. (MTI)