Eurozone July PPI -0.5% vs -0.6% m/m expected

• Prior -0.4%
• PPI -7.6% vs -7.6% y/y expected
• Prior -3.4%

Looking at the breakdown on the month:

- Intermediate goods -1.2%
- Energy -0.9%
- Non-durable consumer goods +0.1%
- Durable consumer goods +0.2%
- Capital goods +0.2%

If you strip out energy, producer prices declined by 0.4% on the month.