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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.
SPAIN DATA
MNI (London)
There was no let up in the surging costs for manufacturers in Spain, with year-on-year producer price inflation surging by 31.9% in October to stand more than 8 percentage points higher than September levels.
- Month-on-Month, prices rose by 6.1% in October
- The September surge leaves Spain's factory gate inflation at the highest level since records began in January 1976 and will undoubtedly make further uncomfortable reading for the European Central Bank.
- All sectors added to PPI across the month, but by far the main driver was energy costs, higher by 87.3% y/y -- again the highest since the series started in 1976, according to Spanish stats agency IPRI.
- Intermediate goods rose 19% y/y, also an all-time high.
Spain PPI (annual %)
Source: IPRI
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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