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German PPI fell by 0.5%

Monday, Sep 21 2015
In August 2015 the index of producer prices for industrial products fell by 1.7% compared with the corresponding month of the preceding year. In July 2015 the annual rate of change all over had been –1.3%. In August 2015 energy prices decreased by 5.0% compared with August 2014, prices of non-durable consumer goods by 1.5% and prices of intermediate goods by 1.0%. In contrast prices of capital goods rose by 0.8% and prices of durable consumer goods by 1.4%.
 
The overall index disregarding energy decreased by 0.5% compared with August 2014. Compared with the preceding month the overall index fell by 0.5% in August 2015 (unchanged in July 2015 and –0.1% in June 2015). Analysts were predicting 0.3% decrease.
 
Euro is currently being traded few points above 1.1320 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1370 area. Later today, in the US session, Existing Home Sales figures are scheduled for a release.
More in this category: « Aussie sligthly lower in a tighter-range Monday trade Existing Home Sales fell more than expected »

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