German PPI down by 0.4%

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Tuesday, Oct 20 2015

In September 2015 the index of producer prices for industrial products fell by 2.1% compared with the corresponding month of the preceding year. In August 2015 the annual rate of change all over had been –1.7%. In September 2015 energy prices decreased by 6.1% compared with September 2014, prices of non-durable consumer goods by 1.0% and prices of intermediate goods by 1.4%. In contrast prices of capital goods rose by 0.7% and prices of durable consumer goods by 1.3%.

The overall index disregarding energy decreased by 0.6% compared with September 2014. Compared with the preceding month the overall index fell by 0.4% in September 2015 (–0.5% in August 2015 and unchanged in July 2015). Analysts were predicting 0.1% decline.

Euro is currently being trade around 1.1350 area. Pair is likely to find support around 1.13 level and resistance above 1.1380 area. Later today, in the US session, Building Permits and Housing Starts figures are scheduled for a release.

More in this category: « Will BoE rise interest rates? U.S. housing starts rise to 1.21 million annual rate »

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