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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)
SPAIN OCT PPI -1.4% M/M, +26.1% Y/Y; SEP +35.6% Y/Y
- Spanish factory-gate inflation slowed sharply in October, falling by -1.4% m/m and by 9.5pp to +26.1% y/y. Base effects will be driving the decrease. Core PPI (excluding energy) slowed for the fourth consecutive month by 0.8pp to +13.2% y/y.
- The drop in energy prices led the decline, followed by intermediate goods. Consumer goods prices ticked up again due largely to food oils.
- This follows an 11.3pp deceleration in German October PPI to +34.5% y/y on Monday. This data should feed through into a considerably lower eurozone print for October.
- Substantial slowdowns in PPI will be welcome news for the bloc, which has seen the industrial sector hampered by soaring energy costs. Euro area industrial production practically stalled on the month in September when removing volatile Irish data from the headline print.
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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