- Euro area annual PPI rises to 21.9%, Unemployment Rate declines to 7.3% in October
Market news
2 tháng 12 2021
Euro area annual PPI rises to 21.9%, Unemployment Rate declines to 7.3% in October
- Annual PPI for the euro area jumped above 20% in October.
- Unemployment Rate in the euro area declined to 7.3% as expected.
Producer Price Index in the euro area increased by 5.4% on a monthly basis in October and brought the annual rate up to 21.9% from 16.1% in September. Both of these readings came in stronger than analysts' estimates. In the EU, PPI was up 5% and 21.7% on a monthly and yearly basis, respectively.
Other data from the euro area showed that the Unemployment Rate declined to 7.3% from 7.4% in September, as expected.
Market reaction
The EUR/USD pair edged slightly higher after these data and was last seen posting small daily gains at 1.1330.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page