Eurostat released its producer price index for the Eurozone on Tuesday. Eurozone's producer price index declined 0.1% in April, missing expectations for a 0.1% increase, after a 0.2% rise in March.

On a yearly basis, Eurozone's producer price index dropped 2.2% in April, missing expectations for a 2.0% decrease, after a 2.3% decline in March.

Eurozone's producer prices excluding energy fell 0.5% year-on-year in April. Energy prices dropped 6.4%.

Intermediate goods prices declined 1% in April, non-durable consumer goods prices decreased by 1.1%, and capital goods prices rose 0.85%, while durable consumer goods prices climbed 0.9%.