Eurozone PPI Rises More Than Expected In October
BRUSSELS (dpa-AFX) - Eurozone producer prices rose for the second straight month in October, and at a faster-than-expected pace, figures from Eurostat showed Friday.
Industrial producer prices climbed 0.8 percent month-over-month in October, exceeding economists' expectations for an increase of 0.4 percent. That was also faster than the 0.1 percent slight rise in September.
Excluding energy, producer prices edged up at a stable rate of 0.1 percent in October from a month ago. Prices in the energy sector alone grew by 2.6 percent.
On an annual basis, producer prices fell at a slower pace of 0.4 percent in October, following a 1.5 percent decline in September. It was forecast to decrease by 1.0 percent.
Copyright RTT News/dpa-AFX