- Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected
Market news
3 May 2022
Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected
The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February, the latest data published by the Eurostat showed on Tuesday.
The Producer Price Index (PPI) in the bloc rose to 5.3% MoM in March vs. 5% expected and 1.1% previous.
On an annualized basis, the PPI surged 36.8% in March, beating expectations of a 36.3% increase and 31.5% last.
Market reaction
EUR/USD is losing the recovery momentum on the mixed Eurozone data releases. The spot was last seen trading at 1.0499, down 0.05% so far.
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