The producer prices of the industry in the Eurozone experienced a more significant decline in January than anticipated. According to Eurostat, prices at the producer level fell by 0.9 percent compared to the previous month, surpassing economists' expectations of a 0.2 percent decrease. On a yearly basis, producer prices were 8.6 percent lower, exceeding the forecasted 8.0 percent decline by economists. This unexpected downturn underscores the challenges facing the Eurozone's industrial sector.
Big pumps coming....