Euro Zone Producer Prices Surge in October, Unemployment Eases

Euro Zone Producer Prices Surge in October, Unemployment Eases
A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany, on April 27, 2020. Swen Pfoertner/Pool via Reuters
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BRUSSELS—Euro zone producer prices jumped more than expected in October, data showed on Thursday, driven mainly by a surge in energy prices, while unemployment eased again as the economy continued to recover from the pandemic-induced recession.

The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 5.4 percent month-on-month for a 21.9 percent year-on-year surge.