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German PPI increased by 0.4% in May

Monday, Jun 20 2016
In May 2016 the index of German producer prices for industrial products fell by 2.7% compared with the corresponding month of the preceding year. In April 2016 the annual rate of change all over had been –3.1%. Compared with the preceding month April 2016 the overall index rose by 0.4% in May 2016 (+0.1% in April and unchanged in March 2016).
In May 2016 energy prices decreased by 8.0% compared with May 2015, prices of intermediate goods by 2.3% and prices of non-durable consumer goods by 0.2%. 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 0.8% compared with May 2015 and rose slightly by 0.2% compared with April 2016.
 
Euro is currently being traded few points below 1.13 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1350 level. There will be no data releases later today.
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