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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 JUN PPI +1.1% M/M, +35.8% Y/Y (FCST +35.7% Y/Y); MAY +36.2%r Y/Y
- Euro-area factory gate inflation was only marginally hotter than expected, up +1.1% m/m and by +35.7% y/y in June.
- This is down a modest 0.4pp from May in the second month of decelerating PPI, largely due to the slowing of energy prices (+92.8% vs +94.4% in May) and intermediate goods (+23.8% vs +25.0%).
- The highest yearly increases were recorded in Romania (+61.2%), Denmark (+55.5%) and Lithuania (+52.5%).
- Excluding energy, PPI increased to 15.6% y/y in June, which is 0.4pp lower than in May and hints at a more widespread gentle deceleration of prices. This will come as welcome news to the ECB, however, slowing factory-gate inflation is yet to spill over into consumer prices which continued to soar to a record +8.9% in July.
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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