Eurostat released its producer price index for the Eurozone on Thursday. Eurozone's producer price index was flat in May, missing expectations for a 0.1% increase, after a 0.1% decline in April.

On a yearly basis, Eurozone's producer price index dropped 2.0% in May, in line with expectations, after a 2.2% fall in April.

Eurozone's producer prices excluding energy fell 0.3% year-on-year in May. Energy prices dropped 6.4%.

Intermediate goods prices declined 0.6% in May, non-durable consumer goods prices decreased by 1.1%, and capital goods prices rose 0.7%, while durable consumer goods prices climbed 0.9%.