2017 Economic Calendar
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Germany : PPI  
Released On 4/20/2017 2:00:00 AM For Mar, 2017
Month over Month0.2 %0.2 %0.0 %
Year over Year3.1 %3.2 %3.1 %

March producer prices failed to rise for the first time since last September. A flat performance on the month was weaker than market expectations and soft enough to hold the annual PPI inflation rate steady at 3.1 percent.

However, the lack of volatility in the headline index masked another significant increase in underlying prices as, ex-energy, the PPI climbed a further 0.3 percent versus February. This lifted the yearly core rate from 2.2 percent to 2.6 percent. Energy prices were 0.6 percent lower on the month but all of the other major categories posted fresh gains. Basics were up a solid 0.6 percent while consumer durable and non-durable goods advanced 0.2 percent and capital goods edged 0.1 percent higher.

Producer prices have been on steadily rising trend for the best part of a year now. Despite the relative softness of today's report, the strength of the underlying data suggest that capacity problems are still becoming an increasing issue for German manufacturing and should help to boost CPI inflation over the medium-term.

The Producer Price Index (PPI) measures the price of industrial and commercial goods produced and sold domestically (excluding turnover tax). About 1,250 types of goods are used to calculate the index and prices are reported by a total of 5,000 enterprises under fixed contractual conditions. Changes in the index provide a guide to inflation from the point of view of the product's producer/manufacturer and, in contrast to the consumer price index (CPI), excludes VAT and other deductible taxed associated with turnover.  Why Investors Care

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