Latest data released by Eurostat - 6 November 2018
- Prior +0.3%; revised to +0.4%
- PPI +4.5% vs +4.3% y/y expected
- Prior +4.2%; revised to +4.3%
Stronger readings and upward revisions, overall a good report here. But as mentioned in the data docket preview, this is very much a lagging data point. Although it still continues to show that inflationary pressures are holding up well, we already had CPI figures at the end of last month to confirm that.
EUR/USD now trades flat on the day at 1.1405 with EUR/GBP still holding a little lower at 0.8733. Meanwhile, EUR/JPY has backed off from the highs to near flat levels as well at 129.10 currently.
