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German PPI fell by 0.4%

Friday, Nov 20 2015
From Eurozone, this morning, only minor importance German PPI data was released. In October 2015 the index of producer prices for industrial products fell by 2.3% compared with the corresponding month of the preceding year. In September 2015 the annual rate of change all over had been –2.1%.
In October 2015 energy prices decreased by 6.5% compared with October 2014, prices of non-durable consumer goods by 0.5% and prices of intermediate goods by 1.9%. In contrast prices of capital goods rose by 0.6% and prices of durable consumer goods by 1.3%.
 
The overall index disregarding energy decreased by 0.7% compared with October 2014. Compared with the preceding month the overall index fell by 0.4% in October 2015. Analysts were anticipating 0.2% decrease.
 
Euro is currently being traded around 1.0680 area. Pair is likely to find support around 1.0650 handle and resistance above 1.0730 level. There will be no major data releases in the rest of the session.
Last modified on Friday, 20 November 2015
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