German PPI down by 0.7%

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Friday, Feb 19 2016

In January 2016 the index of producer prices for industrial products in Germany fell by 2.4% compared with the corresponding month of the preceding year. In December 2015 the annual rate of change all over had been –2.3%.In January 2016 energy prices decreased by 7.3% compared with January 2015, prices of intermediate goods by 2.2%.

In contrast prices of non-durable consumer goods rose by 0.6%, prices of capital goods by 0.6% and prices of durable consumer goods by 1.4%. The overall index disregarding energy decreased by 0.6% compared with January 2015. Compared with the preceding month the overall index fell by 0.7% in January 2016 (–0.5% in December 2015 and –0.2% in November 2015). Analysts were anticipating decrease by 0.3%.

Euro is currently being traded few points above 1.1120 level. Pair is likely to find support around 1.1050 handle and resistance above 1.12 level. Later today, in the US session, CPI figures are scheduled for a release.

More in this category: « RBA Edwards would be more comfortable with Aussie at 0.65 handle UK Retail Sales increased by 2.3% »

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