Euro Zone’s Factory Gate Prices Beats Forecasts

Euro Zone producer price index beats expectation in November, however monthly measure points towards a slowdown from October.

The European Union’s statistics office announced factory gates in the 19 member countries sharing the euro rose 1.8% month-on-month for a 23.7% year-on-year increase.

Reuters poll showed a forecast of 1.2% while forecasted an annual number of 22.9% increase.