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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.
EUROZONE DATA
MNI (London)
EUROZONE JAN PPI -2.8% M/M (FCST -0.4%); DEC +1.1% M/M
EUROZONE JAN PPI +15.0% Y/Y (FCST +17.8%); DEC +24.6% Y/Y
- Eurozone factory-gate inflation eased sharply in January, falling -2.8% m/m and cooling a marked 9.6pp to +15.0% y/y.
- This was substantially lower than the -0.4% m/m and +18.8% y/y expected by consensus.
- The decline was chiefly due to the -9.4% m/m fall in energy prices and skewed further to the downside by the massive -25.2% m/m fall in Irish PPI (which tends to be volatile).
- Core PPI (ex. energy) rose +1.1% m/m, slowing a more modest 1.3pp to +11.1% y/y in January.
- This was due to broad-based price growth amongst intermediate goods, capital goods, nondurable and durable consumer goods.
- With factory-gate inflation seen as an early indicator for CPI, this data adds to the sticky core inflation conundrum faced by the ECB.
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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