PPI in euro area remained unchanged in April

Monday, 4 June 2012 02:33

According to Eurostat PPI in euro area remained unchanged in April, after gaining 0.5% in preceding month.
Economists forecasted at least a 0.3% increase for April.
U.S. dollar remained higher against its major counterpart and the couple was traded at 1.2426 after news release.
Producer Price Index improved by 2.6% comparing with April 2011. The change follows 3.5% of annual growth in March.