German PPI decreased by 0.5%
In February 2016 the index of producer prices for industrial products fell by 3.0% compared with the corresponding month of the preceding year. In January 2016 the annual rate of change all over had been –2.4%. In February 2016 energy prices decreased by 9.4% compared with February 2015, prices of intermediate goods by 2.2%.
In contrast prices of non-durable consumer goods rose by 0.2%, prices of capital goods by 0.7% and prices of durable consumer goods by 1.4%. The overall index disregarding energy decreased by 0.7% compared with February 2015. Compared with the preceding month the overall index fell by 0.5% in February 2016 (–0.7% in January 2016 and –0.5% in December 2015). Analysts were anticipating decrease by 0.2%.
Euro is currently being traded few points above 1.1270 level. Pair is likely to find support around 1.1150 handle and resistance above 1.13 level. Later today, in the US session, Consumer Sentiment figures are scheduled for a release.
Last modified on Friday, 18 March 2016
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