Eurozone September PPI -0.6% vs -0.6% m/m expected

• Prior +0.6%

Looking at the details, most of the drop comes from energy prices (-1.9%). If you strip that out, producer prices were actually flat on the month in September. Breaking down the other components, there were rises in prices for durable consumer goods (+0.2%) and non-durable consumer goods (+0.2%). That is slightly offset by a drop in prices for capital goods (-0.1%) with intermediate goods keeping flat.

This article was written by Justin Low at www.forexlive.com.