Eurozone Producer Prices Decline in June Driven by Energy Costs
Euro area producer prices registered a 0.3% monthly fall in June, primarily due to a significant decrease in energy prices.
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Euro area producer prices registered a 0.3% monthly fall in June, primarily due to a significant decrease in energy prices.
Eurozone producer price inflation for June matched analyst expectations, indicating a potential moderation in upstream cost pressures.
Eurozone producer prices saw a 0.3% month-over-month decrease in June, aligning with economists' projections.
Economists anticipate a slight uptick in the US services sector's expansion, with the ISM Services PMI projected to reach 54.5 in July.
The UK services sector expanded in July for the first time in three months, with business activity and new orders showing a modest rebound.
Eurozone business activity saw a robust recovery in July, primarily driven by the services sector, with inflation showing signs of cooling.
France's services sector showed a slight uplift in July, with both services and composite PMIs indicating a slower contraction.
Spain's services sector expanded significantly in July, with business activity reaching its highest level since March, driven by domestic demand.
India's central bank maintained its benchmark repo rate at 5.25%, with Governor Malhotra emphasizing a data-dependent approach to inflation.
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The Euro gained against the US Dollar on Wednesday, driven by increasing expectations of a more aggressive European Central Bank.
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