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German PPI unchanged in July

Thursday, Aug 20 2015

From Eurozone, this morning, only minor importance German PPI figures were released. The overall index disregarding energy decreased by 0.3% compared with July 2014. Compared with the preceding month the overall index remained unchanged in July 2015 (–0.1% in June 2015 and unchanged in May 2015). Analysts were expecting 0.1% decline.

 In July 2015 the index of producer prices for industrial products fell by 1.3% compared with the corresponding month of the preceding year. In June 2015 the annual rate of change all over had been –1.4%. In July 2015 energy prices decreased by 4.1% compared with July 2014, prices of non-durable consumer goods by 1.5% and prices of intermediate goods by 0.6%. In contrast prices of capital goods rose by 0.8% and prices of durable consumer goods by 1.3%.

Euro is currently being traded few points above 1.1120 level. Pair is likely to find support around 1.1070 handle and resistance near 1.1180 area. Later today, in the US session, Unemployment Claims, Philly Fed Manufacturing Index and Existing Home Sales figures are scheduled for a release.

More in this category: « UK Retail Sales increased by 0.1% Unemployment Claims rose for a fourth week in a row »

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