Eurostat released its producer price index for the Eurozone on Wednesday. Eurozone's producer price index declined 0.3% in September, beating expectations for a 0.4% drop, after a 0.8% decrease in August.

Intermediate goods prices fell 0.5% in September, capital goods prices were flat, non-durable consumer goods prices climbed 0.1%, and durable consumer goods prices declined 0.1%, while energy prices decreased 0.8%.

On a yearly basis, Eurozone's producer price index dropped 3.1% in September, beating expectations for a 3.3% decrease, after a 2.6% fall in August.

Eurozone's producer prices excluding energy fell 0.6% year-on-year in September. Energy prices dropped at an annual rate of 9.8%.