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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 FEB PPI -0.3% M/M (FCST -1.4%); JAN -1.2%r M/M
GERMANY FEB PPI +15.8% Y/Y (FCST +14.5%); JAN +17.6%r Y/Y
- German factory-gate inflation cooled for a fifth consecutive month in February, albeit to a lesser degree than consensus expectations as prices fell by -0.3% m/m, easing by 1.8pp to +15.8% y/y.
- Underlying price pressures have slowed but remain expansive, with PPI ex. energy up +0.5% m/m and inching down by a slower 0.5pp to +10.2% y/y in February.
- On the month, prices accelerated slightly for all subcategories except for energy; intermediate goods (+0.1%), capital goods (+0.4%), consumer goods (+0.2%) and non-durable consumer goods (+0.9%).
- Note that January and February headline PPI will likely be revised down in the March release as the delayed effects of the electricity and gas price breaks will be taken into account but Destatis retrospectively.
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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