Market Updates: German Producer Prices Slip by -0.4%

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.