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Euro zone PPI inches down 0.2% in December

By Investing.com  |  Economic Indicators News  |  Feb 04, 2013 10:03AM GMT  |   Add a Comment
 
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Investing.com - Producer price inflation in the euro zone inched down broadly in line with market expectations in December, official data showed on Monday.

Euro zone PPI inches down 0.2% in December
In a report, Eurostat said that its producer price index eased down by a seasonally adjusted 0.2% in December, in line with expectations.

Producer prices fell by 0.2% in November.

Year-over-year, the producer price index rose at an annualized rate of 2.1% in December, in line with expectations, after climbing at a rate of 2.1% in November.

Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.4% to trade at 1.3586.

Meanwhile, European stock markets remained lower. The EURO STOXX 50 retreated 0.2%, France's CAC 40 declined 0.15%, Germany's DAX fell 0.1%, while London’s FTSE 100 shed 0.35%.


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