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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.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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