Eurozone producer prices rise 0.6 percent in April, up 4.9 percent annually

Analysts had expected an increase of just 0.6 percent, according to the Bloomberg news agency.

At an annual rate, this resulted in a 4.9 percent price increase, which was also in line with analysts' average forecast.

In March, producer prices rose by 3.4 percent compared to the previous month, giving an annual increase of 2.0 percent, according to revised figures.