Spain EUR

Spain PPI YoY

Impact:
Low

Latest Release:

Date:
Surprise:
-3.4%
Actual:
-2.5%
Forecast: 0.9%
Previous/Revision:
0.8%
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The Producer Price Index (PPI) Year-over-Year (YoY) measures the average change over time in the selling prices received by domestic producers for their output. It specifically focuses on inflation at the wholesale level, assessing price changes in various sectors, including manufacturing, agriculture, and services, which can reflect broader economic health and pricing trends.
Frequency
The PPI YoY is released on a monthly basis, with the data typically published in the second week of the following month and reported as a final figure after initial estimates.
Why Do Traders Care?
Traders pay significant attention to the PPI as it serves as a leading indicator of consumer inflation, impacting various financial markets. Higher-than-expected PPI results are generally bullish for currencies or stocks as they may indicate rising production costs, while lower readings can signal economic weakness, thus influencing investment decisions.
What Is It Derived From?
The PPI is derived from a survey of domestic producers across multiple industries, capturing price data directly from businesses regarding their final goods and intermediate inputs. It employs statistical calculations such as weighted averages of price changes and employs diffusion indexes to track general trends.
Description
The PPI YoY measures the percentage change in prices compared to the same month in the previous year, which helps to eliminate seasonality and provides a clearer view of long-term inflation trends. This annual comparison is valuable for identifying price stability or volatility within the economy.
Additional Notes
The PPI serves as a leading economic measure, as it can provide early signs of inflationary pressures that may influence monetary policy decisions by central banks. It is often compared to the Consumer Price Index (CPI), as shifts in wholesale prices typically precede changes in retail prices.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. A dovish tone: Signaling lower inflation concerns is usually good for the EUR but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-2.5%
0.9%
0.8%
-3.4%
0.7%
0.4%
0.2%
0.3%
0.3%
-0.3%
-1.6%
0.6%
-1.5%
0.1%
0.4%
-1.6%
0.3%
1%
0.8%
-0.7%
0.8%
-0.7%
-0.1%
1.5%
0%
2%
1.6%
-2%
1.9%
4%
4.6%
-2.1%
4.9%
3.2%
6.7%
1.7%
6.6.%
2.9%
2.6%
2.6%
2.7%
2.3%
-0.1%
2.3%
1.5%
1.2%
0.8%
0.9%
-3%
-3.9%
3.9%
-3.9%
-4.3%
-5.2%
0.4%
-5.2%
1.9%
-1.4%
-7.1%
-1.3%
-2%
-1.6%
0.7%
-1.4%
-3.2%
-3.2%
1.8%
-3.5%
-4.9%
-4.5%
1.4%
-4.6%
-5.5%
-6.7%
0.9%
-6.6%
-7%
-8.2%
0.4%
-8.2%
-7%
-8.5%
-1.2%
-8.2%
-1.9%
-3.9%
-6.3%
-3.8%
-5%
-6.3%
1.2%
-6.3%
-7.3%
-7.6%
1%
-7.4%
-6.5%
-7.7%
-0.9%
-7.8%
-7.4%
-8.5%
-0.4%
-8.6%
-9.5%
-9.9%
0.9%
-10%
-10%
-8.6%
-8.4%
-10.1%
-8%
1.7%
-8.1%
-7.1%
-6.8%
-1%
-6.9%
-4.5%
-4.5%
-2.4%
-4.5%
3.9%
-1.4%
-8.4%
-1%
2.8%
8%
-3.8%
7.8%
6.1%
7.8%
1.7%
8.2%
14.3%
14.9%
-6.1%
14.7%
16.5%
20.5%
-1.8%
20.7%
24.8%
25%
-4.1%
26.1%
34.9%
35.6%
-8.8%
35.6%
37.4%
42.9%
-1.8%
41.8%
39.6%
40.5%
2.2%
40.4%
42.8%
43.1%
-2.4%
43.2%
46.5%
43.6%
-3.3%
43.6%
52.2%
44.5%
-8.6%
45%
48.3%
47%
-3.3%
46.6%
38.4%
41.2%
8.2%
40.7%
36%
35.7%
4.7%
35.7%
36.3%
35.2%
-0.6%
35.9%
33.5%
32.2%
2.4%
33.1%
32.5%
32%
0.6%
31.9%
24.2%
23.8%
7.7%
23.6%
18.8%
17.9%
4.8%
18%
14.7%
15.6%
3.3%
15.3%
15.2%
15.4%
0.1%
15.4%
15.1%
15.2%
0.3%
15.3%
14.2%
13%
1.1%
12.8%
7.5%
6.4%
5.3%
6.3%
1.1%
0.6%
5.2%
0.8%
1.5%
0.9%
-0.7%
0.9%
-1.2%
-1.5%
2.1%
-1.4%
-2.4%
-2.8%
1%
-2.8%
-3.8%
-4.1%
1%
-4.1%
-2.9%
-3.3%
-1.2%
-3.3%
-3%
-3.5%
-0.3%
-3.5%
-4.3%
-4.8%
0.8%
-4.8%
-5.6%
-5.9%
0.8%
-6.1%
-8.2%
-8.8%
2.1%
-8.7%
-8.9%
-8.4%
0.2%
-8.4%
-5.7%
-4.9%
-2.7%
-5%
-2.8%
-2.3%
-2.2%
-2.2%
-1.2%
-0.9%
-1%
-0.8%
-1.6%
-1.8%
0.8%
-1.9%
-1.6%
-2.3%
-0.3%
-2.3%
-3.2%
-2.8%
0.9%
-2.8%
-3.6%
-3.3%
0.8%
-3.3%
-2.6%
-2.6%
-0.7%
-2.5%
-1%
-0.7%
-1.5%
-0.8%
-1.2%
-0.8%
0.4%
-0.6%
1%
1.2%
-1.6%
1.1%
2%
2.4%
-0.9%
2.3%
2.4%
2.4%
-0.1%
2.4%
1.7%
1.7%
0.7%
1.9%
1.9%
1.7%
1.8%
1.2%
1.7%
0.6%
1.6%
2.4%
2.9%
-0.8%
3%
4.2%
4.6%
-1.2%
4.5%
4.5%
5.3%
5.2%
4.6%
5.1%
0.6%
5.2%
4.2%
4.6%
1%
4.6%
3.8%
4.1%
0.8%
4.1%
3.2%
3%
0.9%
2.9%
2%
1.8%
0.9%
1.9%
1.2%
1.3%
0.7%
1.3%
1.2%
1.2%
0.1%
1.3%
0.2%
0%
1.1%
0.1%
1.4%
1.7%
-1.3%
1.8%
2.7%
3.2%
-0.9%
3.1%
3%
2.8%
0.1%
2.8%
3.2%
3.5%
-0.4%
3.4%
3.4%
3.3%
3.2%
3.4%
3%
-0.2%
3.2%
2.6%
3.2%
0.6%
3.2%
4.7%
5.2%
-1.5%
5.3%
5.1%
6%
0.2%
5.9%
5.5%
5.8%
0.4%
6%
7%
7.4%
-1%
7.3%
8%
7.6%
-0.7%
7.5%
3.2%
2.9%
4.3%
2.8%
0.9%
0.6%
1.9%
0.6%
-2.2%
0.3%
2.8%
0.2%
-1.2%
-2%
1.4%
-2%
-2.6%
-3.2%
0.6%
-3.1%
-4.2%
-4.6%
1.1%
-4.6%
-4.5%
-4.7%
-0.1%
-4.7%
-5.4%
-5.6%
0.7%
-5.5%
-5.7%
-5.9%
0.2%
-6.1%
-4.9%
-5.6%
-1.2%
-5.4%
-6.3%
-5.7%
0.9%
-5.7%
-2.3%
-4.2%
-3.4%
-2.5%
-2%
-1.7%
-0.5%
-2.2%
-2.5%
-2.6%
0.3%
-2.6%
-3.2%
-3.6%
0.6%
-3.5%
-3.2%
-3.6%
-0.3%
-3.6%
-2.45%
-2.2%
-1.15%
-2.2%
-1.5%
-1.3%
-0.7%
-1.3%
-1.6%
-1.4%
0.3%
-1.4%
-1.86%
-1.4%
0.46%
-1.4%
-0.8%
-0.9%
-0.6%
-1%
-0.9%
-1.3%
-0.1%
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