Eurozone PPI came in at -0.5% mom, -0.8% yoy in August, worse than expectation of -0.2% mom, -0.4% yoy. Industrial producer prices dropped by -1.9% mom in the energy sector, while remaining stable for intermediate goods and capital goods, and increasing by 0.1% mom for durable consumer goods and by 0.2% mom for non-durable consumer goods. Prices in total industry excluding energy remained stable.
EU28 PPI came in at -0.4% mom, -0.3% yoy. The largest decreases in industrial producer prices were recorded in Spain (-1.4% mom), Greece (-1.3% mom), Belgium, Denmark and Lithuania (all -0.7% mom), while the highest increases were observed in Bulgaria (0.7% mom), Hungary (0.4% mom) and Slovenia (0.3% mom).
