(Sharecast News) - Eurozone producer prices rose in June, having suffered four consecutive months of declines due to the Covid-19 pandemic, according to figures released by Eurostat on Tuesday.
Prices were up 0.7% on the month following a 0.6% decline in May, coming in above expectations for a 0.5% rise. Were it not for a 3.1% rise in energy prices, PPI would have been flat.
The price of intermediate goods rose 0.2%, while capital goods prices were 0.1% higher. Durable goods prices were stable, while non-durable goods prices ticked down 0.1%.
On the year, producer prices fell 3.7% in June following a 5% drop the month before and compared to expectations of a 3.9% decline.
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