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Thursday, October 9, 2014

Producer prices in the EU continued to fall in August

With Eurostat displaying new figures of a 0.1% drop from July. Goods leaving the eurozone's factory gates were down 1.4% from August 2013. The fall indicates that the currency area is set to remain mired in a state of very low inflation, weakening the eurozone's fragile economy even further. The producer price figures were released as members of the ECB's governing council meet in Naples, Italy, to decide upon further stimulus measures.

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