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%.