producer prices in the euro zone fell slightly less than expected in August, with the high cost of heavy machinery, but also highlight the need for more action in the eurozone and the European Central Bank ( ECB) to support the economy of the block.
The price on the gates of the 18 countries that have adopted the euro factories fell 0.1% from July, said on Thursday (2) Eurostat, the official agency statistics of the European Union, pressured by falling energy costs due to oil prices. Economists polled by Reuters had projected a decline of 0.2%.
The August drop in producer prices is part of the broader problem of the eurozone with deflationary pressures. Throughout the year, there was an increase in prices in June alone. In July, producer prices had deflation of 0.2%.
In the annual comparison, prices fell 1.4% in August, the largest drop since March, when it fell 1.7%.
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