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German PPI increased by 0.2%

Friday, Aug 19 2016

In July 2016 the index of producer prices for industrial products fell by 2.0% compared with the corresponding month of the preceding year. In June 2016 the annual rate of change all over had been –2.2%. Compared with the preceding month June 2016 the overall index rose by 0.2% in July 2016 (+0.4% in June and in May).

 

In July 2016 energy prices decreased by 6.2% compared with July 2015, prices of intermediate goods by 1.8%. In contrast prices of non-durable consumer goods rose by 0.4%, prices of capital goods by 0.5% and prices of durable consumer goods by 1.2%. The overall index disregarding energy decreased by 0.5% compared with July 2015 and rose slightly by 0.2% compared with June 2016.

 

Euro is currently being traded around 1.1330 level. Pair is likely to find support around 1.1280 area and resistance above 1.1380 handle.

Last modified on Saturday, 20 August 2016
More in this category: « Aussie lower in a quiet Friday trade Public Sector Net borrowing in a surplus by £1.0 billion »

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