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.

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.

What’s next?

• Current Account – 08:00 GMT
• Italian Trade Balance – 08:00 GMT