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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
German May producer prices came in flat on the month, broadly in line with expectations of +0.1% (vs +0.2% prior). On a yearly comparison, energy base effects continue to fall out and most other categories remained at a broadly steady pace compared to last month for a total of -2.2% Y/Y (vs -2.0% cons; -3.3% prior).
- Looking at the individual categories, energy deflation continues to decelerate, at -6.4% Y/Y (vs -8.2% prior; highest rate since July 2023).
- The investment, non-durable, and consumption goods subcomponents remained broadly steady compared to April, coming in at +2.4% Y/Y, +0.4%, and +0.5%, respectively (vs priors of +2.4%, +0.4% and +0.5%).
- Durable goods continued their disinflationary trend, printing +0.7% Y/Y (vs +1.0% prior), its lowest yearly rate since December 2010.
- Intermediate goods deflation meanwhile continued to decelerate in a sign that the trend of gradually lower goods contributions to overall headline CPI will fade off (as it already started to recently). Intermediate goods printed at -1.8% Y/Y (vs -3.1% prior).
MNI, 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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