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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 MAR PPI -2.6% M/M (FCST -0.6%); FEB -0.3% M/M
GERMANY MAR PPI +7.5% Y/Y (FCST +9.8%); FEB +15.8% Y/Y
- Cooling energy prices assisted another fall in producer prices in the German March data.
- PPI fell -2.6% m/m, falling for the sixth consecutive month. Headline PPI cooled by 7.3pp to +7.5% y/y, substantially lower than the record peak of +45.8% y/y recorded in August/September. Both these prints were below consensus expectations.
- Lower natural gas and mineral oils accounted for the bulk of lower PPI in March.
- Core PPI (ex. energy) rose +0.2% m/m and +7.9% y/y, boosted by non-durable consumables (+0.7% m/m) largely due to higher food prices. Consumer durables rose +0.3% m/m and capital goods edged up by +0.2% m/m. Intermediates inched down -0.1% m/m.
- Destatis flagged that Q1 PPI data will likely be revised down in the April release as the delayed effects of the electricity and gas price breaks will be taken into account by 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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