Eurozone’s April Current Account surplus EUR4.0 bln (expected surplus of EUR27.3 bln; last surplus of EUR31.0 bln). April Construction Output -0.44% m/m (expected 0.0%; last -1.64%)
Germany’s PPI decreased in May with the yr/yr growth rate slowing down to 1.0%, the smallest increase since January 2021.
Germany’s May PPI -1.4% m/m (expected -0.7%; last 0.3%); 1.0% yr/yr (expected 1.7%; last 4.1%)
European Central Bank policymaker Stournaras said that additional rate hikes cannot be excluded and that a peak rate will likely be maintained for at least six months.