Investing.com - Producer price inflation in the euro zone rose more-than-expected in July, increasing for the first time in five months, official data showed on Tuesday.
In a report, Eurostat said that its producer price index eased up by a seasonally adjusted 0.3% in July, compared to expectations for a 0.1% increase.
Producer prices were flat in June.
Year-over-year, the producer price index rose at an annualized rate of 0.2% in July, compared to expectations for a 0.1% gain, after rising at a rate of 0.3% in June.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.13% to trade at 1.3175.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.5%, France's CAC 40 declined 0.6%, Germany's DAX fell 0.7%, while London’s FTSE 100 shed 0.3%.
In a report, Eurostat said that its producer price index eased up by a seasonally adjusted 0.3% in July, compared to expectations for a 0.1% increase.
Producer prices were flat in June.
Year-over-year, the producer price index rose at an annualized rate of 0.2% in July, compared to expectations for a 0.1% gain, after rising at a rate of 0.3% in June.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.13% to trade at 1.3175.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.5%, France's CAC 40 declined 0.6%, Germany's DAX fell 0.7%, while London’s FTSE 100 shed 0.3%.