Tue, 04 Sep 2012 12:28:26 GMT
PPI in Eurozone gained 0.4% in July
On Tuesday, Eurostat reported that the
producer price index rose by 0.4% on a seasonally adjusted basis,
which is more than the expected 0.2% increase. In June producer
prices declined by 0.5%. Year-over-year, the PPI gained 1.8% at an
annualized rate, while analysts expected a 1.6% gain. Following the
release of the data, the Euro was slightly higher versus the
Greenback, adding 0.12%.