Investing.com - Producer price inflation in the euro zone rose for the first time in six months in June, easing concerns over the threat of deflation, official data showed on Monday.
In a report, Eurostat said that its producer price index eased up by a seasonally adjusted 0.1% in June, compared to expectations for a flat reading. Producer prices inched down 0.1% in May.
Year-over-year, the producer price index declined at an annualized rate of 0.8% in June, below forecasts for a drop of 1%. Prices fell at a rate of 1% in May.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.01% to trade at 1.3427.
Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 rose 0.15%, France’s CAC 40 tacked on 0.35%, Germany's DAX dipped 0.4%, while London’s FTSE 100 inched up 0.1%.