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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 AUG PPI +7.9% M/M (FCST +2.4%); JUL +5.3% M/M
GERMANY AUG PPI +45.8% Y/Y (FCST +36.8%); JUL +37.2% Y/Y
- The spike in energy prices (up 20.4% m/m alone) towards the end of August resulted in a record high month-on-month increase of +7.9% and annual increase of 45.8% in German PPI.
- Supply chain disruptions due to the Ukraine war and Chinese lockdowns alongside weak growth outlooks continue to heavily hamper German industrial production, which contracted in July. This adds to the risk of a Q3 recession for the German economy.
- Energy contributed to higher headline figures for sub-indexes intermediate goods (+17.5% y/y), capital goods (+7.8% y/y) and durable/nondurable consumer goods (+10.9% and +16.9% y/y). Energy and gas redistributors are paying over double compared to August 2021.
- Metals, chemicals and fertilisers are also up 32.9% y/y, majorly impacted by the collapse in trade with Ukraine and Russia.
Source: Destatis
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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