Italian industrial producer price index dropped on a sequential basis in April. Italian official statistical office, Istat, showed that the total producer price index fell 0.4 percent sequentially.
On domestic market, the index fell 0.7 percent and rose 0.1 percent on non-domestic market. The percentage change of the average of the past three months compared to the previous three months rose 0.6 percent (+0.7% on domestic market and +0.4% on non-domestic market).
On a year-on-year basis, Italian industrial producer price index rose 1.3 percent. On domestic market, it rose 1.4 percent year-on-year and 1 percent on non-domestic market.
At 14:00 GMT the FxWirePro's Hourly Strength Index of Euro was slightly bearish at -67.7463, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at 36.1315. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
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