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German PPI rose by 0.7%

Friday, Nov 18 2016
German PPI rose by 0.7%

In October 2016 the index of producer prices for industrial products fell by 0.4% compared with the corresponding month of the preceding year. In September 2016 the annual rate of change all over had been –1.4%. Compared with the preceding month September 2016 the overall index rose by 0.7% in October 2016 (–0.2% in September and –0.1% in August).

In October 2016 energy prices decreased by 2.2% compared with October 2015, prices of intermediate goods fell by 0.7%. In contrast prices of non-durable consumer goods rose by 1.1%, prices of capital goods by 0.6% and prices of durable consumer goods by 1.2%. The overall index disregarding energy rose by 0.3% compared with October 2015 and by 0.1% compared with September 2016.

 

Euro is curently being traded around 1.06 handle. Pair is likely to find support around 1.0550 area and resistance above 1.0660 level.

More in this category: « Yellen warns of delaying rate hike ‘too long’ Eurozone Current Account surplus narrowed to €25.3 billion »

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