actual -7, previous -6.3
The event is the Producer Price Index (PPI) Year-over-Year (YoY) for September in France. The actual value reported is -7%, which is a decrease of 0.7% compared to the previous value of -6.3%. The PPI measures the average changes in prices received by domestic producers for their goods and services over time.
Given that the actual value met the estimated value of -7%, the impact of this event is considered low. A negative PPI YoY value indicates a decrease in producer prices, which could potentially lead to lower inflationary pressures in the economy. This data point is important for policymakers, investors, and analysts as it provides insights into the trends in production costs and inflationary pressures in the country.