Market Updates: German Producer Price Index (PPI) Disappoints - Forex News by FX Leaders

Market Updates: German Producer Price Index (PPI) Disappoints

Posted Wednesday, March 20, 2019 by
Arslan Butt • 1 min read

Fellas, Destatis reported a drop in the German PPI figures from 0.2% to -0.1%. As you know it’s a leading indicator of consumer inflation – when manufacturers charge more for goods, the higher costs are usually passed on to the consumer.

Digging further into details, the index of producer prices for industrial products rose by 2.6% in February compared with the corresponding month of the preceding year. Back In January 2019 the annual rate of change all over also had been 2.6%.

So overall, it’s negative data and it can drive bearish pressure in the single currency Euro.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments