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 producer prices surged to a new record high of 10.2% in Jun, Eurostat said Tuesday, extending the record high seen in May. Just 7 months ago, in December, eurozone PPI stood at -1.1% y/y.
Energy prices jumped to 25.4% in Jun and prices for intermediate goods accelerated sharply as well at 10.6%. Survey evidence, such as the EZ manufacturing PMI for July, suggests another increase in input prices at a record rate due to supply-side constraints. Additionally, the report saw an uptick in output prices as well, as companies pass on the higher costs.
On a national level, prices rose over 42.5% y/y in Ireland, 20.7% in Belgium and 15.4% in Spain, while prices in Malta, Slovakia and Cyprus only ticked up 1.3%, 3.5% and 4.8%, respectively.
Source: Eurostat
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.