Market Updates: German Producer Prices Slip by -0.4% - Forex News by FX Leaders

Market Updates: German Producer Prices Slip by -0.4%

Posted Monday, January 21, 2019 by
Arslan Butt • 1 min read

As per the recent report from Destatis. the German producer prices for industrial products (domestic sales) jumped by 2.6% on an annual average from the preceding year. In 2017 the index had grown by 2.7% vs. 2016, as reported by the Federal Statistical Office (Destatis).

In December 2018, the index of producer prices for industrial products slipped by -0.4%. However, the annual rate industrial production remains at 2.7% which is quite lower than 3.3% beforehand.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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