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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)
FEB PPI +1.4% M/M, +25.9% Y/Y, JAN +25.0% Y/Y
- German PPI rose again for the 15th consecutive month in February, up 25.9% y/y in the January print.
- This is up 0.9pp from January, albeit a slightly softer acceleration than the consensus expected (+26.2% y/y).
- On the month, factory-gate inflation also rose less than projected, by 1.4% m/m (expected: +1.7% m/m). This is a slowdown from +2.2% m/m recorded in January.
- Energy prices remain the key driving factor, up +68.0% y/y and +2.2% m/m in February, with natural gas up +125.4% y/y, electricity up +66.5% y/y and mineral oils up +34.5% y/y.
- Intermediate goods saw a +21.0% y/y increase in February (+1.4% m/m), whilst capital goods saw an over 40-year high of +5.5% y/y, due to soaring machine and vehicle prices.
- This data does not yet incorporate the effects of the Russian invasion of Ukraine as the survey period ended mid-February.
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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