German PPI stays in negative territory

Source: WBP Online
© Scanpix/AFP
The German Producer Price Index was negative year-on-year for the twelfth straight month as the monthly change was also worse than expected at -0.1% in July. Furthermore, the annual change for producer prices was also lower than previously thought at -0.8%. The consensus numbers for the data were around -0.7% and 0.0% for the year and month, respectively.
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