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PPI (Jul 2019) Preview - 10:00 BST....>

MNI (London)
EUROZONE DATA: PPI (Jul 2019) Preview - 10:00 BST
- Bloomberg Consensus: 0.2% m/m, 0.2% y/y; Previous (Jun): -0.6% m/m, 0.7% y/y
--Markets looking for annual PPI to slow further in July, after hitting the
lowest level since Nov 2016 in June. 
--Producer price pressures have cooled rapidly since the Oct peak of 4.9% y/y
--On an annual basis, energy price inflation fell from 3.1% in Jun to -0.1% in
--The decrease in the headline PPI was further driven by intermediate goods
(down 0.7pp to 0.1%), dipping to a 31-month low.
--Meanwhile, capital goods prices changed marginally (down 0.1pp to 1.3%) and
durable consumer goods remained unchanged (1.3%).
--Producer prices for non-durable consumer goods accelerated for the third
successive month (up 0.3pp to 1.2%), reaching the highest since Dec 2017. 
--The EZ manuf PMI indicated a fall in input prices for the third successive
month in August, as demand remains weak and global uncertainties persist.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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