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German PPI down by 0.1%

Tuesday, Sep 20 2016

In August 2016 the index of producer prices for industrial products fell by 1.6% compared with the corresponding month of the preceding year. In July 2016 the annual rate of change all over had been –2.0%. Compared with the preceding month July 2016 the overall index fell by 0.1% in August 2016 (+0.2% in July and +0.4% in June).

In August 2016 energy prices decreased by 5.5% compared with August 2015, prices of intermediate goods fell by 1.6%. In contrast prices of non-durable consumer goods rose by 0.7%, prices of capital goods by 0.6% and prices of durable consumer goods by 1.2%. The overall index disregarding energy decreased by 0.3% compared with August 2015 and remained unchanged compared with July 2016.

 

Euro is currently being traded around 1.1160 level. Pair is likely to find support around 1.1130 area and resistance above 1.12 handle.

More in this category: « Australian HPI rose 2.0% Building Permits and Housing Starts missed market expectations »

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