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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 June producer prices came in in line with expectations on a yearly comparison, at -1.6% Y/Y, higher than May's -2.2% Y/Y as energy and intermediate goods deflation continue to fade. On a sequential basis, producer prices increased slightly more than expected, at +0.2% M/M (vs +0.1% cons; 0.0% prior).
- Looking at the individual categories, energy deflation came in at its highest yearly rate since June 2023 as base effects continue to drop out of the comparison.
- 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 has already started to). Intermediate goods printed at -0.9% Y/Y (vs -1.8% prior) - its highest rate since April 2023.
- Elsewhere, there was little change compared to the May print: investment goods, durable goods, non-durable goods, and consumption goods all had relatively similar yearly rates to last month (see table below).
| German PPI Metrics | Jun % Y/Y | May % Y/Y |
| Investment Goods | 2.3% | 2.4% |
| Intermediate Goods | -0.9% | -1.8% |
| Durable Goods | 0.7% | 0.7% |
| Non-Durable Goods | 0.6% | 0.4% |
| Consumption Goods | 0.6% | 0.5% |
| Energy | -5.9% | -6.4% |
| Total | -1.6% | -2.2% |
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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