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German PPI rose less than expected

Monday, Apr 20 2015
In a steadier European part of the session only German PPI figures were released from Eurozone. In March 2015 the index of producer prices for industrial products fell by 1.7% compared with the corresponding month of the preceding year. In February 2015 the annual rate of change all over had been –2.1%.
 
In March 2015 energy prices decreased by 4.7% compared with March 2014, prices of consumer non-durable goods by 1.3% and prices of intermediate goods by 1.1%. In contrast prices of capital goods rose by 0.7% and prices of durable consumer goods by 1.1%.
 
The overall index disregarding energy decreased by 0.5% compared with March 2014. Compared with the preceding month the overall index rose by 0.1% in March 2015 (+0.1% in February 2015 and –0.6% in January 2015). Analysts were anticipating 0.2% increase.
 
Euro fell in the morning part of the session and is currently being traded few points above 1.0770 level. Pair is likely to find support around 1.0750 and resistance above 1.0850 area. There will be no major data releases in the rest of the session.
More in this category: « USD - Major events in the week ahead Aussie higher in a quite morning session »

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