Eurostat released its producer price index for the Eurozone on Friday. Eurozone's producer price index declined 0.8% in August, missing expectations for a 0.6% drop, after a 0.2% decrease in July. July's figure was revised down from a 0.1% decline.
Intermediate goods prices fell 0.5% in August, capital goods prices were flat and both durable and non-durable consumer goods prices climbed 0.1%, while energy prices decreased 2.6%.
On a yearly basis, Eurozone's producer price index dropped 2.6% in August, missing expectations for a 2.4% decrease, after a 2.1% fall in July.
Eurozone's producer prices excluding energy fell 0.5% year-on-year in August. Energy prices dropped at an annual rate of 8.2%.