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German PPI rose by 0.2%

Wednesday, Apr 20 2016

In March 2016 the index of German producer prices for industrial products fell by 3.1% compared with the corresponding month of the preceding year. In February 2016 the annual rate of change all over had been –3.0%. In March 2016 energy prices decreased by 9.2% compared with March 2015, prices of intermediate goods by 2.3% and prices of non-durable consumer goods by 0.3%.

In contrast prices of capital goods rose by 0.6% and prices of durable consumer goods by 1.4%. The overall index disregarding energy decreased by 0.9% compared with March 2015. Compared with the preceding month the overall index remained unchanged in March 2016 (–0.5% in February and –0.7% in January 2016). Analysts were predicting 0.2% increase.

Euro is currently being traded few points below 1.1360 level. Pair is likely to find support around 1.13 handle and resistance above 1.14 level. Later today, in the US session, Existing Home Sales figures are scheduled for a release.

More in this category: « Moody's: Australian economy will stay resilient UK Unemployment Rate unchanged at 5.1% »

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