In September 2017, compared with August 2017, industrial producer prices rose by 0.6% in both the euro area (EA19) and the EU28. In August 2017, prices increased by 0.3% in the euro area and by 0.4% in the EU28. In September 2017, compared with September 2016, industrial producer prices rose by 2.9% in the euro area and by 3.3% in the EU28. The 0.6% increase in industrial producer prices in total industry in the euro area in September 2017, compared with August 2017, is due to rises of 1.5% in the energy sector, of 0.4% for intermediate goods and of 0.2% for durable consumer goods, while prices remained stable for capital goods and non-durable consumer goods. Prices in total industry excluding energy rose by 0.1%.
Tuesday's session brought Eurozone Retail Sales figures. In September 2017 compared with August 2017, the seasonally adjusted volume of retail trade rose by 0.7% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August, the retail trade volume decreased by 0.1% in the euro area, while it rose by 0.5% in the EU28. In September 2017 compared with September 2016, the calendar adjusted retail sales index increased by 3.7% in the euro area and by 3.5% in the EU28.
This week markets will be looking at:
German Prelim GDP (Tuesday 8:00)
Flash GDP (Tuesday 11:00)
German ZEW Economic Sentiment (Tuesday 11:00)
Trade Balance (Wednesday 11:00)
