At 11:00 (GMT+2) July data on the producer price index in the euro area will be published. The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished products, and final goods are taken into account). Higher prices for producers contribute to the growth of consumer inflation in the region. It is expected that the value will correct from –3.4% to –7.8% YoY and from –0.4% to –0.7% YoY, putting pressure on the euro.
