2017 Economic Calendar
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Germany : PPI  
Released On 7/20/2017 2:00:00 AM For Jun, 2017
PriorConsensusActual
Month over Month-0.2 %-0.1 %0.0 %
Year over Year2.8 %2.4 %2.4 %

Highlights
Producer prices held up a little better than expected in June. However, even an unchanged reading on the month was soft enough to reduce annual PPI inflation by 0.4 percentage points to 2.4 percent, equalling its lowest mark since December. The headline index has now only risen once in the last four months.

Unusually, energy, where prices were also flat on the month, had no significant impact as the core PPI was similarly steady at its May level. This made for a 2.5 percent yearly increase, a couple of ticks down on its mid-quarter outturn. Elsewhere, capital goods showed no monthly change while a 0.2 percent fall in intermediates was offset by a 0.4 percent increase in consumer goods.

Underlying producer prices are now rising at their slowest rate since February, a deceleration that may well reflect some second-round effects from the decline in energy costs. In any event, the latest developments will not be wasted on the ECB which will probably see today's data as further reason for adjusting policy only very cautiously in the future.

Definition
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
 
 

2017 Release Schedule
Released On: 1/202/203/204/205/196/207/208/189/2010/2011/2012/20
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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