Quick Updates: German PPI Slips by -0.1%, What’s Next from Eurozone? - Forex News by FX Leaders

Quick Updates: German PPI Slips by -0.1%, What’s Next from Eurozone?

Posted Wednesday, June 19, 2019 by
Arslan Butt • 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.

What’s next?

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

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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.
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