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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
MNI (London)
SPAIN JUN PPI +1.9% M/M, +43.2% Y/Y, MAY +43.6% Y/Y
SPAIN JUN CORE PPI +15.2% Y/Y, MAY +15.3% Y/Y
- Despite remaining substantially elevated, Spanish PPI recorded its third consecutive month of decline in June.
- Headline PPI softened by 0.4pp to +43.2% y/y, whilst core PPI edged down 0.1pp to +15.2%.
- Intermediate goods and energy prices both decelerated in June, by 1pp to +24.1% y/y and by over 2pp to +111.6% y/y respectively.
- Non-durable consumer goods continued to see prices accelerate, rising 0.5pp to +10.5% y/y.
- The continued slowing of factory-gate inflation will be welcome news, following the surprise 1.5pp jump to +10.2% y/y headline inflation recorded in June.
- Barring any significant acceleration in energy prices from here, September and October will start to see some bigger declines in the annual rate as base effects drop out.
Source: INE
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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