Investing.com - Producer price inflation in the U.K. fell for the first time in three months in September, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that PPI input declined by a seasonally adjusted 0.2% in September, compared to expectations for a 0.1% drop.
PPI input for August was revised down to a 1.9% gain from a previously reported increase of 2.0%.
The report also showed that PPI output rose a seasonally adjusted 0.5% last month, above expectations for a 0.3% increase, after rising 0.5% in August.
Following the release of that data, the pound held on to gains against the U.S. dollar, with GBP/USD adding 0.19% to trade at 1.6101.
Meanwhile, European stock markets remained broadly higher. London’s FTSE 100 rose 0.35%, the EURO STOXX 50 climbed 0.6%, France’s CAC 40 added 0.25%, while Germany's DAX advanced 0.5%.
In a report, the U.K. Office for National Statistics said that PPI input declined by a seasonally adjusted 0.2% in September, compared to expectations for a 0.1% drop.
PPI input for August was revised down to a 1.9% gain from a previously reported increase of 2.0%.
The report also showed that PPI output rose a seasonally adjusted 0.5% last month, above expectations for a 0.3% increase, after rising 0.5% in August.
Following the release of that data, the pound held on to gains against the U.S. dollar, with GBP/USD adding 0.19% to trade at 1.6101.
Meanwhile, European stock markets remained broadly higher. London’s FTSE 100 rose 0.35%, the EURO STOXX 50 climbed 0.6%, France’s CAC 40 added 0.25%, while Germany's DAX advanced 0.5%.