Free Trial
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 APR PPI +0.8% M/M, +5.2% Y/Y; MAR +3.7% Y/Y
- Annual PPI surged to 5.2% in Apr, while monthly PPI edged up 0.8%, both in line with market expectations (BBG: 5.2%)
- This marks the fifth consecutive positive reading and the highest since Aug 2011 (
- April's gain was driven by a sharp increase in energy price inflation, rising by 10.6%, and intermediate goods prices which were up 8.2% and recorded the highest increase since Feb 2011.
- Excluding energy, PPI ticked up 3.6% in Apr.
- Energy inflation was led by higher electricity prices as well as prices for mineral oil products, which were driven by base effects as oil prices fell sharply in Apr 2020.
- Intermediate goods inflation was led by secondary raw materials (+62.7%) , such as wood and metals, but also steel prices were up sharply due to raw material shortages.
- Meanwhile, consumer goods inflation rose by 1.6% and capital goods prices were up 1.0% in Apr.
Source: Destatis
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok