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Eurozone industrial producer prices decline by 0.9% in November – Crypto News
- Industrial producer prices in the euro area declined sharply in November.
- EUR/USD clings to modest daily gains slightly above 1.0600.
“In November 2022, industrial producer prices fell by 0.9% in both the euro area and the EU, compared with
October 2022,” Eurostat reported on Thursday.
With this monthly decline, the annual rate declined to 27.1 in the euro zone from 30.8% in October, compared to the market expectation of 27.5%.
Market response
These figures don’t seem to be having a noticeable impact on the Euro’s performance against its major rivals. As of writing, EUR/USD was trading at 1.0620, rising 0.2% on a daily basis.
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