AI Data Insight
The latest EU PPI annual growth rate cooled significantly from the previous 5.7% to 4.7%, a trend consistent with market consensus. Although the overall indicator trended downward benefiting from the retreat in energy prices, the core PPI excluding energy still maintained positive growth, indicating that manufacturing cost pressures persist. Looking ahead, Middle East geopolitics and oil price fluctuations will become the core variables influencing the European Central Bank's pace of the next rate cut.