Germany’s October PPI -4.2% m/m (expected 0.9%; last 2.3%); 34.5% yr/yr (expected 41.5%; last 45.8%)
Germany’s PPI decreased in October, representing the first month-over-month drop since May 2020.
European Central Bank chief economist Lane said that the upcoming December rate hike will not be the last, adding that it is too early to consider a pause in the hiking cycle.
British government officials are reportedly looking at forming a Swiss-style relationship with the EU.
Italy is reportedly planning to increase spending by EUR30 bln in 2023.