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

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

Jul. 

--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.