Eurozone August PPI rises 1.9% month on month, matching forecasts
In short
Eurozone producer prices rose 1.9% in August from the previous month, in line with the 1.9% expected and up from a 1.60% prior reading, according to Chinese business outlets citing the data. Jiemian also reported a year-on-year rise of 8.2%, slightly above the 8.1% expected and well above the previous 5.80%. The documents do not name the statistical agency that released the figures.
Read the full story 1 min read
Eurozone producer prices rose 1.9% in August from the previous month, three Chinese business outlets reported. CLS said the reading matched expectations of 1.9% and followed a 1.60% month-on-month increase in the prior period, and Jiemian carried the same figures. Yicai reported the 1.9% month-on-month change without the comparison figures. [ 1 , 2 , 3 ]
Jiemian added that producer prices were up 8.2% from a year earlier, against expectations of 8.1%, with a prior year-on-year reading of 5.80%. No other document in the set carries the annual figures. None of the reports names the statistical agency that published the data, and none describes a market or policy reaction. [ 3 ]
Why it matters
Producer prices are an upstream gauge of inflationary pressure in the euro area, so a monthly reading in line with forecasts and a year-on-year rate above expectations feeds into how markets and policymakers read price pressures in the bloc. For readers outside the euro area, the numbers matter mainly as an input into global inflation and interest-rate expectations. The documents themselves draw no conclusions about policy or market reaction.
Key facts
- Eurozone producer prices rose 1.9% in August from the previous month. [ 1 , 2 , 3 ]
- The month-on-month reading matched the 1.9% expected. [ 1 , 3 ]
- The previous month-on-month reading was 1.60%. [ 1 , 3 ]
- Jiemian reported year-on-year producer prices rose 8.2% in August, against 8.1% expected. [ 3 ]
- The previous year-on-year reading was 5.80%, according to Jiemian. [ 3 ]
Confirmed by several sources
Still unclear
- The August year-on-year rate of 8.2% and the prior 5.80% reading appear in only one document. Only Jiemian (document 3) carries the annual figures, so they are single-source among these documents.
- Which agency or body published the producer price data is not stated. None of the documents names a statistical authority or data release, so the origin of the figures cannot be confirmed from the sources.