Eurozone April Producer Prices Decline Further

By IBTimes Staff Reporter | June 03 2009 5:09 AM

RTTNews - Wednesday, the Eurostat said in a report that Eurozone industrial producer prices dropped 4.6% year-over-year in April, compared with a 2.9% fall in the previous month, revised from 3.1% drop reported initially. Economists had expected a decline of 4.5%.

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On a monthly basis, producer priced declined 1% in April, after falling 0.7% in March. Economists were looking for a decline of 0.8%.

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