Eurostat, the statistical office of the European Union (EU), reported on Thursday industrial producer prices edged up 0.1 percent m-o-m in euro area in August following an upwardly revised 0.7 percent m-o-m gain in July (originally a 0.6 percent m-o-m advance). That was in line with economists’ forecasts.

According to the report, producer prices increased in the energy sector (+0.3 percent m-o-m) and for intermediate goods (+0.1 percent m-o-m), but remained stable for durable consumer goods and non-durable consumer goods, and declined for capital goods (-0.1 percent m-o-m).

In y-o-y terms, Eurozone’s producer price index (PPI) fell 2.5 percent in August, following a revised 3.1 percent decline in July (originally a 3.3 percent drop). Economists had forecast a 2.7 percent fall for August.