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The decline in the Eurozone PPI was greater than expected, dragged down by falling energy prices.
Jin10 data reported on June 5, the financial website Forexlive evaluates the Eurozone's April PPI month-on-month: From the sub-item data, the main drag this month is primarily the decline in energy prices (-7.7%). Excluding this factor, the Eurozone's PPI in April actually rose by 0.1% compared to March. Prices for durable goods (+0.1%) and non-durable goods (+0.3%) increased. The prices of intermediate goods fell (-0.1%) and capital goods prices remained flat, slightly offsetting this impact.