Market Updates: German Producer Price Index (PPI) Disappoints
Arslan Butt•Wednesday, March 20, 2019•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.
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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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