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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY DEC PPI -0.4% M/M (FCST -1.2%); NOV -3.9% M/M
GERMANY DEC PPI +21.6% Y/Y (FCST +20.7%); NOV +28.2% Y/Y
- German producer prices proved to be more sticky than anticipated in December, falling by a more modest -0.4% m/m after the -3.9% m/m plunge in November.
- PPI eased by a solid 6.6pp to +21.6% y/y falling for a third month from the Aug/Sep record peak of +45.8% y/y.
- Energy was again the key downward driver largely due to base effects filtering in. Yet PPI energy prices fell by a weaker -1.0% m/m in December after the -9.6% m/m November plunge.
- Ex-energy, factory-gate inflation was 0.7pp softer at +12.0% y/y, but unchanged on the month, implying that core PPI prices remained sticky into year-end.
- Food prices, as across Europe, continue to be an upward driver on prices, adding to headline CPI pressures despite easing energy costs.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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