Eurozone Producer Prices Rise For First Time In 5 Months

Trading 04 août 2020 Commentaire »

Euro area industrial producer prices increased for the first time in five months in June and at a faster than expected pace, even though economic activity remained damped by the Covid-19 containment measures in most of the countries in the EU, preliminary data from Eurostat showed on Tuesday.

The producer price index for Eurozone rose 0.7 percent from May, when it fell 0.6 percent. Economists had forecast a 0.5 percent increase.

This was the first increase in producer prices since January.

On a year-on-year basis, producer prices fell 3.7 percent after a 5 percent drop in May. Economists had expected a 3.9 percent decline.

June was the fourth month of coronavirus containment measures in most of the European Union member states.

Compared to the previous month, industrial producer prices grew 3.1 percent in the energy sector, 0.2 percent in the intermediate goods industry and edged up 0.1 percent for capital goods production.

Producer prices for durable consumer goods were stable and those for non-durable consumer goods decreased 0.1 percent.

Excluding energy, producer prices for total industry were unchanged.

In the EU, producer prices grew 0.7 percent month-on-month in June after a 0.5 percent fall in May. On a year-on-year basis, producer prices decreased 3.4 percent following a 4.6 percent drop in the previous month.

The biggest monthly increases in industrial producer prices were recorded in Estonia, Denmark and Finland, while the only decreases was observed in the Czech Republic.


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Euro Little Changed After Eurozone PPI

Trading 04 août 2020 Commentaire »

At 5.00 am ET Tuesday, Eurostat has issued Eurozone producer prices for June. The euro changed little against its major counterparts after the data. The euro was trading at 124.95 against the yen, 1.0795 against the franc, 1.1795 against the greenback and 0.9021 against the pound around 5:05 am ET.


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*Germany July Auto Industry Business Expectations 43.7 Vs. 26.9 In June: Ifo

Trading 04 août 2020 Commentaire »

Germany July Auto Industry Business Expectations 43.7 Vs. 26.9 In June: Ifo


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*Eurozone June Producer Prices -3.7% On Year Vs. -5% In May, Consensus -3.9%

Trading 04 août 2020 Commentaire »

Eurozone June Producer Prices -3.7% On Year Vs. -5% In May, Consensus -3.9%


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*Eurozone June Producer Prices +0.7% On Month Vs. -0.6% In May, Consensus +0.5%

Trading 04 août 2020 Commentaire »

Eurozone June Producer Prices +0.7% On Month Vs. -0.6% In May, Consensus +0.5%


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Euro Mixed Ahead Of Eurozone PPI

Trading 04 août 2020 Commentaire »

At 5.00 am ET Tuesday, Eurostat is slated to issue Eurozone producer prices for June. Economists forecast producer prices to fall 3.9 percent annually, following a 5 percent decrease in May.

Ahead of the data, the euro traded mixed against its major counterparts. While it rose against the pound, it was steady against the greenback and the yen. Against the franc, it eased.

The euro was worth 124.90 against the yen, 1.0795 against the franc, 1.1790 against the greenback and 0.9020 against the pound as of 4:55 am ET.


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Turkey Consumer Price Inflation Slows; Producer Prices Rise

Trading 04 août 2020 Commentaire »

Turkey's consumer price inflation eased in July and producer price inflation increased, figures from the Turkish Statistical Institute showed on Tuesday.

The consumer prices index rose 11.76 percent year-on-year in July, following an 12.62 percent increase in June. Economists had expected a 12.10 percent rise.

Prices for alcoholic beverages and tobacco grew 21.78 percent annually in July. Prices for miscellaneous goods and services, and health increased by 21.90 percent and 14.17 percent, respectively.

On a monthly basis, consumer prices rose 0.58 percent in July. Economists had expected a 0.9 percent increase.

The producer price index rose 8.33 percent yearly in July, following a 6.17 percent increase in June.

Among the main industrial sectors, prices for durable goods grew 14.54 percent annually in July and prices for capital goods gained 13.5 percent.

Prices for non-durable consumer goods and intermediate goods prices rose by 8.38 percent and 8.47 percent. Energy prices increased 0.65 percent.

On a month-on-month basis, producer prices increased 1.02 percent in July.


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Romania Producer Prices Decline Slows In June

Trading 04 août 2020 Commentaire »

Romania's producer prices declined at a softer pace in June, data from the National Institute of Statistics showed on Tuesday.

The producer price index declined 0.46 percent year-on-year in June, following a 2.01 percent decrease in May.

Prices in the domestic market and non-domestic market decreased 0.38 percent and 0.60 percent, respectively in June.

Among the main industrial groups, prices for energy declined by 9.81 percent annually in June. Prices for intermediate goods and capital goods fell by 0.43 percent, each.

Meanwhile, prices for energy grew 4.73 percent. Prices for durable goods and non-durable consumer goods rose by 0.34 percent and 0.16 percent, respectively.

On a month-on-month basis, producer prices rose 0.79 percent in June.


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*Myanmar July PMI At 6-month High 51.7 Vs. 48.7 In June

Trading 04 août 2020 Commentaire »

Myanmar July PMI At 6-month High 51.7 Vs. 48.7 In June


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Spain July Unemployment Falls Most Since 1997

Trading 04 août 2020 Commentaire »

Spain's unemployment logged its biggest fall for the month of July since 1997, after the sharp increase in March and April 2020 amid the coronavirus pandemic, figures from the Ministry of Labor, Migration and Social Security showed on Tuesday.

The number of registered unemployed decreased by 89,849 or 2.33 percent from the previous month in July. Unemployment had increased 5,107 in June.

The registered unemployment totaled 3.77 million in July.

Unemployment in the service sector decreased 84,563. In industry, unemployment fell by 9,444 and by 6,556 in construction. Meanwhile, unemployment increased by 11,108 in the farm sector.


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