According to Eurostat PPI in euro area remained unchanged in April, after gaining 0.5% in preceding month. Economists forecasted at least a 0.3% increase for April. U.S. dollar remained higher against its major counterpart and the couple was traded at 1.2426 after news release. Producer Price Index improved by 2.6% comparing with April 2011. The change follows 3.5% of annual growth in March.
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