2017 Economic Calendar
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Germany : PPI  
Released On 5/19/2017 2:00:00 AM For Apr, 2017
Month over Month0.0 %0.2 %0.4 %
Year over Year3.1 %3.2 %3.4 %

Producer prices were on the strong side of expectations in April. A 0.4 percent monthly increase was the sixth rise in the last seven months and lifted annual PPI inflation from 3.1 percent to 3.4 percent, its highest mark since December 2011.

Leading the boost to overall prices was the consumer sector which saw a sizeable 0.5 percent monthly advance. However, energy and intermediates, both up 0.4 percent, were not far behind. Capital goods edged just 0.1 percent higher. Excluding energy, the PPI rose 0.3 percent versus March and, at 2.8 percent, its annual rate was up 0.2 percentage points from last time.

The April data suggest that pipeline inflation pressures in German industry are beginning to intensify. In particular, the annual underlying PPI rate has climbed almost 4 percentage points over the last twelve months. Business surveys continue to highlight producers struggling with a lack of spare capacity and it would seem that this is now taking an increasing toll on factory gate prices. Stronger economic growth should see this translate into faster CPI inflation further down the road.

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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