Quick Updates: German PPI Slips by -0.1%, What’s Next from Eurozone?
The index of producer prices for industrial products rose by 1.9% in May 2019 versus the corresponding month of the preceding year...
Arslan Butt•Wednesday, June 19, 2019•1 min read
The index of producer prices for industrial products rose by 1.9% in May 2019 versus the corresponding month of the preceding year.
In April 2019, the yearly rate of change had been 2.5% as announced by the Federal Statistical Office (Destatis). One of the reasons behind this can be energy prices, as the development could have the greatest impact on the growth of the overall index.
Well, the overall index declined by 0.1% in May 2019 (+0.5% in April 2019), which is placing a negative impact on the 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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