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German PPI fell by 0.2%

Monday, Dec 21 2015
In November 2015 the index of producer prices for industrial products fell by 2.5% compared with the corresponding month of the preceding year. In October 2015 the annual rate of change all over had been –2.3%. In November 2015 energy prices decreased by 7,1% compared with November 2014, prices of non-durable consumer goods by 0.1% and prices of intermediate goods by 2.2%. 
 
In contrast prices of capital goods rose by 0.7% and prices of durable consumer goods by 1.5%.The overall index disregarding energy decreased by 0.7% compared with November 2014. Compared with the preceding month the overall index fell by 0.2% in November 2015 (–0.4% in October 2015 and –0.4% in September 2015). This was in line with market forecasts.
 
Euro is currently being traded around 1.0850 area. Pair is likely to find support around 1.08 handle and resistance above 1.09 level. There will be no major data releases in the rest of the session.
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